DeepSeek Completes Seed Round with State AI Fund, Tencent and Alibaba as Backers

According to Odaily, DeepSeek's related company, Hangzhou Deep Quest Artificial Intelligence Technology Research Co., Ltd., recently completed its seed round funding. The State AI Industry Investment Fund and Hangzhou Chengli Enterprise Management Consulting Partnership (Limited Partnership) were added as new shareholders. Through Hangzhou Chengli's stake, indirect backers include Tencent, CATL, NetEase, JD.com, IDG Capital, Monolith Capital, Shixiang Technology, and Zhengxin Valley Capital. The company focuses on foundational AI technology research.
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