DeepSeek hits a $1B revenue run rate as it seeks another $7.5B
The API-led growth follows an August price increase; DeepSeek is targeting an end-of-October close for its second funding round and preparing for a Shanghai listing.
By Ryan Merket · Published
Primary source: The Information
Why it matters
DeepSeek's run rate strengthens the case for another large financing, but a recent price increase and the difference between projected pace and booked sales make customer retention and sustained usage the real tests.
DeepSeek's annualized revenue run rate has reached $1 billion, more than double the less-than-$500 million pace reported a few months earlier, as founder and CEO Liang Wenfeng pursues another 50 billion yuan, or about $7.5 billion, in funding. The Information based the revenue figure on two people with direct knowledge; Liang shared it at a recent investor meeting, according to the report.…
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.