DeepSeek Valued at ~$71B Ahead of New Funding Round, ARR Hits ~$500M Last Month

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Odaily News: According to sources familiar with the matter, DeepSeek is in the process of a new funding round, with a pre-money valuation of approximately $71 billion. Due to limited direct investment quotas, multiple layers of special purpose vehicles (SPVs) have emerged in the market to provide exposure to DeepSeek equity. Some lower-tier SPVs charge upfront fees exceeding 15%, with performance fees up to 40%. Additionally, DeepSeek's ARR reached approximately $500 million last month, and its AI infrastructure spending so far this year has reached $1.6 billion, nearly 10 times the full-year 2025 level. (Financial Times)

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