Lab profileActive frontier lab

DeepSeek (深度求索)

Cost-Curve RebelsTotem · Deep-sea whale

Known for: Open reasoning models; cost discipline; efficient training.

Hangzhou foundation-model lab spun off from quant fund High-Flyer (幻方量化). R1 made DeepSeek the cost-curve reference point for open reasoning models, while commercialization and revenue remain intentionally opaque.

Founded
2023
Location
Hangzhou
Parent / predecessor
DeepSeek-CoderDeepSeek-V2DeepSeek-V3DeepSeek-R1DeepSeek-V3.2
Revenue
Not disclosed
API pricing only
via 36Kr
ARR
Scale unknown
API pricing visible; revenue scale undisclosed
via 36Kr
Valuation
$50B
$45-50B reported first external raise talks
Funding raised
$7.35B
Rumored/pending first external round: up to 50B yuan (~$7.35B) (rumored / pending)
Government backing
Hangzhou Municipal Government (杭州市政府)Zhejiang Provincial Government (浙江省政府)
Notable alumni & departures

Models & API pricing

Rates are OpenRouter's listed prices (USD per 1M tokens), a convenient cross-provider benchmark. First-party / native API pricing in China can differ, sometimes materially. Source: OpenRouter, as of Jul 13, 2026. Compare them on the models page.

DeepSeek V4 Pro
1049K context
$0.435
Input / 1M
$0.87
Output / 1M
DeepSeek V4 Flash
1049K context
$0.09
Input / 1M
$0.18
Output / 1M

Video

News & coverage

Notable recent updates, newest first.

ISR 1 hour
FundingJul 14, 2026
DeepSeek

DeepSeek (Chinese: 深度求索) opens preliminary talks for a $71B pre-money funding round, weeks after its $52B post-money close.

Sources say DeepSeek (Chinese: 深度求索) begins preliminary talks for new funding round at $71B pre-money valuation
ProductJul 4, 2026
DeepSeek

DeepSeek (Chinese: 深度求索) introduces time-of-day pricing on its API, charging peak electricity rates for inference in a first for AI model labs.

DeepSeek (Chinese: 深度求索)'s price adjustment is related to electricity? AI starts charging 'peak electricity fees' — what exactly is 'electricity-computation coordination'?
ProductJun 29, 2026
DeepSeek

DeepSeek (Chinese: DeepSeek) announces DeepSeek V4 official launch in mid-July and doubles API prices during peak hours.

DeepSeek (Chinese: 深度求索) V4 official version announced for mid-July launch, peak-hour API prices doubled
ProductJun 28, 2026
DeepSeek (Chinese: 深度求索)

DeepSeek (Chinese: 深度求索) launches DSpark, a new AI model designed to produce more complete, non-stuttering responses.

DeepSeek (Chinese: 深度求索) suddenly releases DSpark, making AI responses no longer 'stutter'
PartnershipJun 27, 2026
DeepSeek

DeepSeek (Chinese: 深度求索) wins San Francisco startup Lindy as a 100% customer, saving millions in AI costs.

After AI bills spiral out of control, DeepSeek (Chinese: 深度求索) becomes a hot commodity — some US companies have switched 100%
ProductJun 27, 2026
DeepSeek

DeepSeek (Chinese: DeepSeek) and Peking University open-sourced DSpark, a framework boosting single-user generation speed by 60-85% at the same throughput.

Peking University and DeepSeek (Chinese: 深度求索) jointly open-source DSpark: Solving AI LLM high-concurrency inference bottleneck with 60-85% speed boost
FundingJun 22, 2026
DeepSeek

DeepSeek (Chinese: 深度求索) is aggressively hiring for its Agent Harness team, with a no-poach clause in its $7B+ funding round signaling strategic expansion.

DeepSeek (Chinese: 深度求索) urgently hiring, including foreigners, due to severe talent shortage
FundingJun 17, 2026
DeepSeek (Chinese: 深度求索)

DeepSeek (Chinese: 深度求索) completes its first financing round, with investors eyeing funds for talent and compute.

DeepSeek (Chinese: 深度求索) completes first financing round — will it now chase ARR?
PartnershipJun 17, 2026
DeepSeek (Chinese: 深度求索)

Microsoft mulls integrating DeepSeek (Chinese: 深度求索)'s V4 model into Copilot as a low-cost alternative.

Microsoft reportedly considers integrating DeepSeek (Chinese: 深度求索) models to power Copilot
FundingJun 16, 2026
DeepSeek (Chinese: 深度求索)

DeepSeek (Chinese: 深度求索) closes China's largest AI round ever, raising over 50B RMB from Tencent, CATL, JD, NetEase, and IDG.

Done! Details of DeepSeek (Chinese: 深度求索)'s first financing round revealed: how Liang Wenfeng kept control