Chinese artificial intelligence developer DeepSeek has restarted its second funding round, seeking to raise close to $8 billion, according to Bloomberg News.
The report indicates that Monolith Management is currently in discussions to participate in the capital raise, marking a significant step in the startup's financing strategy.
The resumption of the $8 billion round suggests the company is actively working to secure the capital necessary to support its growth trajectory and upcoming public market debut.
This development follows earlier reports that DeepSeek is planning a broader fundraising effort targeting a valuation of approximately 500 billion yuan ($74 billion).
The resumption of the $8 billion round suggests the company is actively working to secure the capital necessary to support its growth trajectory and upcoming public market debut.
DeepSeek is widely viewed as China's primary competitor to OpenAI in the generative AI space.
The company has been preparing for an initial public offering, with previous coverage indicating a target timeline for a stock listing in 2027.