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What changedFireworks was valued at $17.5 billion in a Series D round in July, CNBC reports. The AI inference and model-training company helps businesses customise and run open models.
CNBC also reports, citing Business Insider, that Fireworks is in early talks to raise again at a possible valuation of $30 billion to $40 billion. Those discussions are preliminary, not a confirmed fundraising round or agreed valuation.
The reported talks add a measure of scale to Dave Wehner’s move from Meta to become Fireworks’ CFO. Whether a new round takes shape, and at what terms, will show how investors value the infrastructure behind running and adapting AI models.
Sources and evidence- Meta chief strategy officer Dave Wehner leaves to join AI infrastructure startup Fireworks as CFO – CNBC: CNBC reports that Fireworks was valued at $17.5 billion in July and, citing Business Insider, is in early talks about a further fundraise at a possible $30 billion to $40 billion valuation.
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