DeepSeek
DeepSeek is a China AI Labs company founded in 2023 and based in Hangzhou, China. It has raised $7.5B in total funding, most recently a Growth in 2026.
DeepSeek was founded in 2023 and is headquartered in Hangzhou, China. The company develops open-weight AI models spanning code generation, general language tasks, and reasoning systems. Products include DeepSeek-V3, a mixture-of-experts base model released in December 2024 with strong benchmark performance reported at low training cost, and DeepSeek-R1, an open-weight reasoning model released in January 2025. The company has raised $7.5 billion in a Growth round announced in September 2026. As of September 2026, DeepSeek's annualized revenue run rate reached $1 billion, driven by model popularity and pricing adjustments.
DeepSeek has achieved $1 billion in annualized revenue and raised $7.5 billion by distributing advanced AI models with open weights, demonstrating a viable commercial path outside proprietary model licensing. The company's focus on reasoning systems and code generation, combined with reported efficiency in training costs, positions it as a significant participant in the open-weight AI landscape. Its scale of capitalization and revenue trajectory reflect substantial investor confidence in its technical approach and market position within China's AI ecosystem.
At a glance
Total raised
$7.5B
Headcount
51-200
Headquarters
Hangzhou
ChinaFounded
2023
Status
Private
Subsector
