Fireworks AI Watch posted an update
Fireworks AI is in early talks to raise a new funding round at a valuation of $30bn to $40bn, Business Insider reports, citing sources. The company was valued at $17.5bn in a $1.5bn Series D round in July.
Why it mattersFireworks rents infrastructure and software for businesses to run, fine-tune and deploy open-weight and custom AI models, according to the report. The potential valuation would mark a sharp rise in a matter of months, though talks are early and no new funding is confirmed. A striking price tag, but not yet a deal.
Discuss: What would justify nearly doubling Fireworks AI’s valuation so soon after its last round?
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