DeepSeek closes US$7.4B first external funding round at $60B valuation.

DeepSeek is finalizing its first external fundraising, raising over US$7.4 billion from investors including Tencent and CATL at a valuation of just under $60 billion — a six-fold jump from its $10 billion valuation in April. The blockbuster round marks a strategic shift for the AI lab, which had previously resisted outside capital.