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DeepSec halts second funding round
Chinese startup Deep Sequence, specializing in artificial intelligence, temporarily halted its second funding round due to the dissatisfaction of its founder, Liang Wenfeng, with circulating reports about comments he made to investors during the first round. The company had planned to raise funding at a valuation close to $74 billion, after raising approximately $7.4 billion in its initial round, and was also considering an initial public offering on the Shanghai "STAR Market." The decision to pause was made partly in response to pressures and tensions regarding valuation expectations and investment prospects.
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