DeepSeek is structuring a second funding round to attract U.S. dollar-denominated capital from overseas investors, particularly from the Middle East. The company has also hired investment banks to prepare for a listing on Shanghai’s tech-focused STAR Market, targeting an IPO next year. DeepSeek maintains a gross margin of more than 50% from selling access to its latest flagship model, V4.
DeepSeek's substantial funding and strong revenue validate the market for API-driven AI models, attracting significant capital into the sector.