DeepSeek’s Annualized Revenue Hits $1 Billion as Startup Finalizes $7.5 Billion Fundraising

DeepSeek's annualized revenue run rate has reached $1 billion, more than double from less than $500 million a few months ago, according to two people with direct knowledge of the matter. The increase was driven by a recent price hike and continued popularity of its models. CEO Liang Wenfeng shared the revenue figure in a recent meeting with investors. The company is finalizing its second funding round, aiming to raise 50 billion yuan ($7.5 billion) at a valuation of 500 billion yuan, and is preparing to go public on the Shanghai Stock Exchange.

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