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Pretty exciting new report financial services company Ramp shows that DeepSeek is capturing US firms looking for cheaper alternatives to Anthropic and OpenAI. In the June 2026 series covering the past month, the Chinese AI company ranked first among SaaS vendors in terms of growth relative to size among Ramp customers.
Needless to say, the security implications here are quite worrisome.
China-based ChatGPT and Claude competitor DeepSeek hit the scene last January and enjoyed enough hype to cause an artificial intelligence red scare in Silicon Valley. Both the hype and the fear have since cooled, no doubt after users watched how heavily the Chinese government censored certain tips.
We still have to worry about it It ranks quite high among iPhone users The US App Store now has one real Worrying about US companies using it after this last report.
According to Ramp’s own data, DeepSeek rose to 0.3% employment in January and fell to 0.1%. Now, that was one of the fastest rises in the last month. I guess we can get an updated figure soon. Ara Kharazian, a ramp economist who follows it for a living, said he doesn’t expect American firms to touch DeepSeek at all.
These are not companies that quietly run open weight models on their equipment. In this case, the data would theoretically never leave the building. According to Ramp, firms pay DeepSeek directly and route data directly through it.
Everything written to the embedded model is transmitted to the provider over the Internet. Any instructions, documentation, source code, customer notes, etc. sent for a brief summary. With OpenAI or Anthropic sitting on US infrastructure under contracts and laws that companies can actually enforce.
DeepSeek is a different story and you don’t have to take my word for it.
“In order to provide you with our services, we directly collect, process and store your personal information in the People’s Republic of China” terms of service states. PRC law requires companies to cooperate with government intelligence requests without a warrant or legal process, which you would get in the United States.
Thus, any American company that forwards internal data through DeepSeek must treat that information as accessible to a foreign government. It would be crazy to think that a company can file any kind of appeal.
In general, DeepSeek may have a lower price. But whatever the workers give him is a real cost, China probably understands well.
Ramp did not provide any information on what size companies have adopted DeepSeek, let alone list the exact names. The Ramp platform is used by businesses ranging from small 1-person shops to Fortune 100 companies. I suspect the culprits lied more in terms of staff numbers.
This is the first report I’ve seen of DeepSeek gaining traction among US firms as a cheaper alternative to the big companies. I will definitely continue to watch it.
What do you think? Let me know in the comments below.
Security Bite is 9to5Mac’s weekly deep dive into the world of Apple security. Each week, Arin Waichulis uncovers new threats, privacy tips and concerns, vulnerabilities and more as he shapes the ecosystem of over 2 billion devices.
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