DeepSeek targets record $7B raise; CoreAutomation hits $4B valuation
chinese ai lab deepseek plans a record $7.35 billion funding round as founder liang wenfeng's startup coreautomation hits a $4b valuation in six weeks.
deepseek plans a $7.35 billion raise, with founder liang wenfeng contributing 40%, aiming for a $51.5b valuation despite prior investor concerns over revenue and researcher attrition. the firm accelerates commercialization with a june v4.1 update targeting enterprise tools and multimodal processing. separately, coreautomation quadrupled its valuation to $4b in six weeks, backed by nvidia, to develop models that learn post-training.