Tech article
DeepSeek reportedly raises $15B days after US restrictions
Publisher description: DeepSeek has reportedly raised $15 billion in one of China's largest funding rounds, just days after the US ordered federal agencies to remove its technology over national security concerns.
TechCrunch | Oct 22, 2026 | Kate Park
Automated excerpt
Just two days after the U. S. ordered federal civilian agencies to remove DeepSeek’s AI technology from their systems over security concerns, the Chinese AI lab has raised about $15 billion, about 100 billion yuan, one of the biggest funding rounds in the country, Bloomberg reported. The reported funding follows DeepSeek’s investment round in June, when it raised more than $7 billion at a valuation of $50 billion. Chinese company Kimi developer Moonshot AI secured $2 billion at a #20 billion valuation in May.
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