Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Politics › DeepSeek Resumes $8 Billion Round With Monolith in the Running
Politics

DeepSeek Resumes $8 Billion Round With Monolith in the Running

Bloomberg Technology Thursday 06 August 2026, 14:06 UTC By Haze Fan and Pei Li 1 min read
Key Points

DeepSeek Resumes $8 Billion Round With Monolith in the Running DeepSeek has resumed its second funding round, seeking close to $8 billion, with Monolith Management in talks to contribute, according to people familiar with the matter. The reopening comes after the Hangzhou-based startup paused the process last month following frustration about leaked remarks from the company’s founder to investors. DeepSeek is raising the funds at a valuation close to 500 billion yuan ($74 billion), the...

DeepSeek Resumes $8 Billion Round With Monolith in the Running DeepSeek has resumed its second funding round, seeking close to $8 billion, with Monolith Management in talks to contribute, according to people familiar with the matter. The reopening comes after the Hangzhou-based startup paused the process last month following frustration about leaked remarks from the company’s founder to investors. DeepSeek is raising the funds at a valuation close to 500 billion yuan ($74 billion), the people said, asking not to be named as the details aren’t public.
DeepSeek Resumes (ORG) the Running DeepSeek Resumes $8 Billion Round With Monolith (ORG) the Running DeepSeek (LOCATION) Monolith Management (ORG) Hangzhou (LOCATION)
Originally published by Bloomberg Technology Read original →

Related Stories

Heels DC S. Belichick on indefinite medical leave

North Carolina coach Bill Belichick announced Thursday that his son, defensive coordinator Steve Belichick, is on medical leave and out indefinitely. Bill Belichick provided no further details and did not say whether Steve Belichick would be able to coach in the season opener against TCU in Ireland on Aug. 29, noting only they "look forward to getting him back as soon as possible." Bill Belichick said the defensive staff would work together to fill Steve's spot.

ESPN just now

Trump says US has 'massive' munitions stockpile, vows 'treasonous' leakers being hunted down

President Donald Trump declared Thursday that the U.S. has a "massive" munitions stockpile and "treasonous" leakers are "being hunted down" after reports emerged claiming the U.S. Army has burned through nearly all of its stockpiles of two of its primary long-range precision weapons. The Army has used "virtually all" of its inventories of Army Tactical Missile Systems (ATACMS) and Precision Strike Missiles (PrSM) during the five-month conflict with Iran, Reuters reported Tuesday, citing...

Fox News Politics 12m ago

Merchant charges for UPI soon? LS passes Bill allowing banks to levy fees

In a step closer to possibly introducing Merchant Discount Rate (MDR) on UPI transactions, the Lok Sabha on Thursday approved a Bill amending the Payment and Settlement Systems Act, 2007. This empowers the government to allow banks and other payment service providers to impose charges on transactions conducted through the unified payments interface (UPI) and other electronic payment modes that may be notified. The amendment, cleared by the House without any discussion amid repeated...

Times of India 17m ago

Trump administration moves forward with Head Start overhaul, proposing to eliminate regulations

Trump administration moves forward with Head Start overhaul, proposing to eliminate regulations President Donald Trump’s administration plans to overhaul Head Start, a key early education program for the nation's poorest children WASHINGTON -- President Donald Trump's administration said Thursday it plans to overhaul Head Start, tossing out many of the regulations that are the hallmark of the early education program for the nation's poorest children. Officials from the Department of Health...

ABC News US 20m ago