# DeepSeek reportedly doubled funding round to nearly $16B amid chip prices

Digest AI · Business & Funding · published 2026-10-30T03:35:00Z

Canonical: https://digestai.news/story/deepseek-reportedly-doubled-funding-round-to-nearly-16b-amid-chip-pric

## Summary

DeepSeek reportedly doubled the size of its latest funding round to nearly $16 billion, according to sources cited by The Information. The company reportedly expanded the raise due to surging prices for Nvidia Blackwell chips on the black market.

Chinese state-owned investors accounted for 27% of the capital in the round, the report states. Neither DeepSeek nor the named investors have officially confirmed the details on the record.

## Key points

- DeepSeek reportedly raised nearly $16 billion after doubling the size of its latest funding round.
- The round was expanded due to rising black market costs for Nvidia Blackwell chips, sources said.
- Chinese state-owned investors represented 27% of the round, according to the report.

## Why it matters

The massive funding round highlights how US export controls are driving up hardware acquisition costs for leading Chinese AI labs.

## Sources

1. [Sources: DeepSeek doubled its latest round's size due to surging black market Nvidia Blackwell chip prices, with Chinese state-owned investors representing 27%](https://theinformation.com/articles/behind-deepseeks-16-billion-funding-chinese-tech-titans-state-players) (theinformation.com, 2026-10-30)

Part of the developing story: [DeepSeek AI Model Saga From Open Source To Benchmark Wins](https://digestai.news/thread/deepseek-open-sources-deepinfer-stack-potentially-lowering-inference-costs) (5 stories)

## Cite

Digest AI, "DeepSeek reportedly doubled funding round to nearly $16B amid chip prices", 30 October 2026, https://digestai.news/story/deepseek-reportedly-doubled-funding-round-to-nearly-16b-amid-chip-pric

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