DeepSeek’s $10B Bid Leads Another AI Funding Surge — June 02, 2026

DeepSeek is in talks to raise $10 billion at a $45 billion valuation, while Cognition, DriveNets, Inherent and Gigascale show venture money still clustering around AI infrastructure, agents, science and power-hungry physical systems. In this episode: Top stories: 1. AI Startup Update: DeepSeek Targets $45B Valuation in Record $10B Chinese AI Fundraise — Cyber News Centre https://www.cybernewscentre.com/ai-startup-update-deepseek-targets-45b-valuation-in-record-10b-chinese-ai-fundraise/ 2. Cognition AI Raises $1 Billion as Devin Starts Writing Most of Its Own Code - Memeburn — Memeburn https://memeburn.com/cognition-ai-raises-1-billion-as-devin-starts-writing-most-of-its-own-code/ 3. DriveNets Secures $410M Series D to Meet Surging Demand for Ethernet Fabric in Large-Scale AI Deployments — PR Newswire https://www.prnewswire.com/news-releases/drivenets-secures-410m-series-d-to-meet-surging-demand-for-ethernet-fabric-in-large-scale-ai-deployments-302787577.html 4. Backing Founders Rebuilding the Physical Economy - Gigascale Capital — Gigascale Capital https://gigascale.com/insights/gigascale-fund-i-physical-economy/ 5. Inherent Raises $50M to Build AI-Native Science Platform - Ventureburn — Ventureburn https://ventureburn.com/inherent-raises-50m-to-build-ai-native-science-platform/ Got 60 seconds? Tell us what you think and help shape the show: https://www.lanternpodcasts.com/topfive/feedback?show=startup-fundraising Follow and rate Startup Fundraising on Apple Podcasts or Spotify. Feedback? Email [email protected]