Infrastructure startup Fireworks AI is in early talks for new funding at a valuation between $30 billion and $40 billion
Source: Business Insider ·
Fireworks AI, a startup founded by ex-Google and Meta engineers, is seeking funding at a valuation between $30 billion and $40 billion.
From the source
Fireworks AI CEO and co-founder Lin QiaoBig Event Media/Getty Images for HumanX ConferenceFireworks AI is an AI-infrastructure startup founded by former Google and Meta AI engineers.The company is seeking to raise a new round of funding at a valuation between $30 billion and $40 billion.Fireworks AI was last valued at nearly $18 billion in July of this year.Fireworks AI is seeking to raise fresh funding at a valuation between $30 billion and $40 billion, a dramatic jump just months after the AI-infrastructure startup was valued at $17.5 billion, according to people familiar with the matter.The potential valuation leap reflects investors' appetite for the companies selling the computing power and tools fueling the AI boom, even as Fireworks AI works through the fallout from a recent security incident.The talks around the financing are still early, and valuation targets could still change. Fireworks declined to comment.Founded in 2022, Fireworks was built by veterans of Meta and…