DeepSeek Asked for $7 Billion. The Checks Came Back at $12 Billion.
DeepSeek went out for about $7 billion and investors came back with at least $12 billion, in a Tencent- and CATL-led round ahead of a planned 2027 IPO.

AI video studio with its own Gen-4.5 and Aleph models plus third-party models
Runway is a creative AI platform built around its Gen-4.5 video model and Aleph video-to-video editing model, with Kling 3.0 and Seedance also available inside the app. It adds tools for camera control, consistent characters, music, voice and 4K upscaling, and runs on the web, iOS, Android and an API.
Latest: Runway raised $315M at a $5.3B valuation in February 2026 to build world models.
Leads on creative and editing tools; value is lower because credits buy relatively few seconds of video.
See all Runway alternatives, ranked →
Google Veo (Flow) vs RunwayKling AI vs RunwayHeyGen vs Runway
DeepSeek went out for about $7 billion and investors came back with at least $12 billion, in a Tencent- and CATL-led round ahead of a planned 2027 IPO.
Kevin Mandia sold Mandiant to Google for $5.4B. His new startup Armadin just raised $255.5M at a $2.5B valuation to point swarms of AI agents at your own network, before real attackers do.
Instinct, a 23-year-old founder's invite-only AI assistant, raised $1B at a $10B valuation — 4x its price from a month earlier, with no app and no public user numbers.