Aug 6 : Chinese AI startup DeepSeek has resumed its second funding round, seeking close to $8 billion, with Monolith Management in talks to participate, Bloomberg News reported on Thursday, citing people familiar with the matter.
DeepSeek is seeking a valuation close to 500 billion yuan ($74.09 billion), the report said.
In July, Reuters reported that DeepSeek was planning to launch a fresh fundraising round at a valuation of about 500 billion yuan ($74 billion) ahead of a potential mainland initial public offering.
But later in the month, Bloomberg reported that DeepSeek had told prospective investors in its second fundraising round that it was suspending the deal for now.
($1 = 6.7488 Chinese yuan renminbi)
