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Fireworks AI, a U.S. cloud-computing startup that rents clusters of Nvidia graphics-processing units to run open-source artificial-intelligence models, is negotiating a new financing round that would value the company at about $4 billion, according to people familiar with the talks. The prospective valuation is more than seven times the level Fireworks AI achieved in 2024 and is being discussed with existing backers Lightspeed Venture Partners and Index Ventures, the people said. The company generates more than $200 million in annualized revenue and counts AI search firm Perplexity among its customers.
AI CLOUD STARTUP FIREWORKS IS IN TALKS TO RAISE FUNDING AT A $4 BILLION VALUATION, OVER 7X ITS VALUE FROM LAST YEAR, BACKED BY LIGHTSPEED AND INDEX VENTURES. || WITH $200M+ ANNUALIZED REVENUE AND CLIENTS LIKE PERPLEXITY, FIREWORKS RENTS NVIDIA GPU SERVERS FOR OPEN-SOURCE AI USE,
Just in: Fireworks AI is in talks to raise funds at a $4B valuation, over seven times its value from last year, reports The Information. The cloud provider, renting out $NVDA chip servers, is negotiating with Lightspeed and Index.
Exclusive: AI Cloud Startup Fireworks Targets $4 Billion Valuation in New Financing Fireworks AI, which helps businesses run open-source models faster, is in talks to raise funding at a $4 billion valuation. Read more from @srimuppidi 👇 https://t.co/qbOETzHpDq
