DeepSeek Reportedly Reaches $1 Billion Revenue Run Rate as It Seeks $7.5 Billion Round

DeepSeek’s annualized revenue run rate has reportedly reached $1 billion, more than doubling from less than $500 million only a few months ago, as the Chinese AI startup works to close a 50 billion yuan funding round at a 500 billion yuan valuation. The proposed financing, equal to about $7.5 billion at roughly $75 billion, would mark another sharp step-up for one of China’s most closely watched foundation-model companies.