DeepSeek

Builds open-weight large language models and the DeepSeek chatbot, known for strong performance at low training and usage costs.

Founded
2023 · Hangzhou, China
Founders
Liang Wenfeng (梁文锋) (Founder and CEO)

In their words

“We believe that as the economy develops, China should gradually become a contributor instead of freeriding.”
Liang Wenfeng, Founder and CEO · ChinaTalk (English translation of 36Kr/Waves interview), 2024-11-27

English translation published by ChinaTalk of an interview in Chinese (36Kr/Waves).

On the record

  • 2026-10-07Reported to be close to raising at least 80 billion yuan (about $12 billion) at a valuation near 500 billion yuan ($75 billion), with CITIC Securities hired for a possible STAR Market listing. Channel Insider (citing Bloomberg)
  • 2026-06-17Completed its first external funding round, raising over $7.4 billion at a valuation above $50 billion; founder Liang Wenfeng contributed about $3 billion. Outlook Business (citing WSJ and Reuters)

Verified by IRIS on 2026-11-13. Something changed? Write to hello@iris-media.xyz.