Nvidia-backed Fireworks Achieves $17.5 Billion Valuation Amid Rising Demand for Open-Source AI Models
Fireworks, an Nvidia-backed startup offering open-source AI models via the cloud, has reached a valuation of $17.5 billion after raising $1.5 billion in funding and reporting over $1 billion in annualized revenue—a fivefold increase from last year.
Tickers: $NVDA
Topics: AI cloud_computing funding startups