DeepSeek raised $7.4B at $50B valuation in first external round

DeepSeek raised $7.4B Series A at $50B valuation

Raised ~$7.4B at a $50B valuation in first external round, with $2.9B from founder Liang Wenfeng.

DeepSeek-V4 achieves 500K context with 90% less KV cache using FlashMemory

DeepSeek raises ~$6.9B at $48-55B valuation in first external funding round

DeepSeek tops Ramp's US business spending index for trending software vendors

Launched unified coding subscription plan offering four AI models for $3

Qwen family captured over 50% of global open-source AI model downloads, reaching nearly 1 billion cumulative downloads on Hugging Face.

Released Qwen 3.5 flagship model series, positioned as on par with leading US proprietary models.

Released Qwen 2.5, marking the beginning of a decisive shift away from popular US models like Llama.