DeepSeek Revenue Run Rate Tops $1 Billion Ahead of $7.45 Billion Funding Round

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DeepSeek's annualized revenue run rate has topped $1 billion, more than doubling in recent months as the Chinese AI startup converts surging model adoption into stronger monetization. Chief Executive Liang Wenfeng disclosed the figure during a recent investor meeting, according to The Information, which Reuters said it could not independently verify. The growth was partly driven by substantial price increases, with DeepSeek reportedly raising model pricing by 2.3 to 4.5 times. DeepSeek is now targeting a second funding round of 50 billion yuan, or about $7.45 billion, at a 500 billion yuan valuation by the end of October, and is also preparing for a potential listing on Shanghai's STAR Market. The company is still prioritizing model development over near-term inference revenue, with more than 70% of its computing capacity used to train new models while less than 30% supports existing-model inference, and earlier this month it launched V4.1-Flash, a new model built for faster inference, higher throughput and lower infrastructure requirements.

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DeepSeek's revenue run rate topped $1B and it is targeting a $7.45B funding round at a 500B yuan valuation plus a potential STAR Market listing.

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