DeepSeek model sales reach a $500 million annualized run rate | Gross margin tops 50%
TL;DR
DeepSeek model sales reportedly reached a $400M-$500M annualized run rate with gross margin above 50%.
DeepSeek, known for low-cost AI models, has reached $400 million to $500 million in annualized model-sales revenue. The Information reported the figures on July 15, citing people familiar with the company. The number is a run rate based on current sales, not recognized revenue for a completed fiscal year.
The report said gross margin on DeepSeek's model sales exceeded 50%. Revenue comes from companies and developers using its large-model services. DeepSeek does not publish financial statements and did not respond to the reported figures. Crypto Briefing relayed The Information's report without independently verifying it.
DeepSeek had long rejected outside capital. Reuters reported that it raised about $7.4 billion in June. Founder Liang Wenfeng committed 20 billion yuan, Tencent invested 10 billion yuan, and CATL invested 5 billion yuan. Other investors included China's national AI fund, NetEase, and JD.com.
Reuters also reported, citing sources, that DeepSeek is preparing to raise as much as 50 billion yuan at a valuation of about 500 billion yuan, or $74 billion, while considering an IPO on Shanghai's STAR Market. The plans remain at an early stage, and their terms and timetable are not fixed.
The Information's figures cover annualized model-sales revenue, and DeepSeek publishes no financial statements. The two directly attributed figures are a $400 million to $500 million annualized run rate and gross margin above 50%.
via Crypto Briefing / The Information / Reuters
The report said gross margin on DeepSeek's model sales exceeded 50%. Revenue comes from companies and developers using its large-model services. DeepSeek does not publish financial statements and did not respond to the reported figures. Crypto Briefing relayed The Information's report without independently verifying it.
DeepSeek had long rejected outside capital. Reuters reported that it raised about $7.4 billion in June. Founder Liang Wenfeng committed 20 billion yuan, Tencent invested 10 billion yuan, and CATL invested 5 billion yuan. Other investors included China's national AI fund, NetEase, and JD.com.
Reuters also reported, citing sources, that DeepSeek is preparing to raise as much as 50 billion yuan at a valuation of about 500 billion yuan, or $74 billion, while considering an IPO on Shanghai's STAR Market. The plans remain at an early stage, and their terms and timetable are not fixed.
The Information's figures cover annualized model-sales revenue, and DeepSeek publishes no financial statements. The two directly attributed figures are a $400 million to $500 million annualized run rate and gross margin above 50%.
via Crypto Briefing / The Information / Reuters
