DeepSeek seeks $7.4B at a $74B valuation

DeepSeek is reportedly seeking $7.4B in new funding at a $74B valuation after explosive revenue growth in 2026.
Revenue reached $70.7M through July, roughly 10x its entire 2025 total, while annualized revenue has climbed to an estimated $400M-$500M.
The company reported a 44.6% overall gross margin, while its API business carries an 82.9% margin.
At the same time, AI infrastructure spending surged to $1.64B from just $179M in 2025, showing how aggressively DeepSeek is scaling compute alongside demand.