DeepSeek

Based in Hangzhou, China and founded in 2023, Hangzhou DeepSeek Artificial Intelligence Co. , Ltd. , dba DeepSeek, engages in the development of large-scale artificial intelligence (AI) language models and artificial general intelligence (AGI) products. The company's founder and CEO, Wenfeng Liang, graduated from Zhejiang University with a degree in Electronic Information Engineering and Computer Science.

In 2024, DeepSeek released its first large-scale AI language model. In June 2026, DeepSeek raised over CNY 50 billion in series A funding from Wenfeng Liang himself, Tencent Investment, CATL Shanghai Intelligent, JD. com, NetEase. com, Inc.

, IDG Capital, Shanghai Guosheng Capital Management and other investors. DeepSeek specializes in developing open-source AI large-scale AI language models and AI platforms. The company's main products include AI webapps, apps, chatbots and platforms and related API (Application Programming Interface) services, enabling businesses to extract actionable insights from vast datasets in various sectors such as finance, healthcare, and e-commerce. DeepSeek primarily generates revenue through providing API access to its advanced AI models, employing token-based pricing structure charging clients based on the number of input and output token processed.

The series A funding will be used by the company to further accelerate its R&D process in the field of artificial intelligence and drive breakthroughs in General AI underlying models and technologies.