Hangzhou-based artificial intelligence firm DeepSeek raised approximately 100 billion yuan ($15 billion) in its second private funding round after a $7 billion round in June, nearly doubling its initial target from 50 billion yuan to 80 billion yuan

From the articleChinese AI Startup DeepSeek Raises $15 Billion Ahead of Potential IPOAlso in DeepSeek reportedly raises $15B days after US restrictions, DeepSeek Raises $15 Billion in Challenge to Leading US Labs