Fireworks AI in talks to raise capital at $4B valuation, Information reports

Fireworks AI, a cloud provider startup the rents out Nvidia (NVDA) chip servers to developers using AI models, is in discussions to raise funds at a $4B valuation including the investment, more than seven times its valuation from just a year ago, The Information’s Sri Muppidi reports, citing two people familiar with the matter. The company is in talks with Lightspeed and Index over the funding, the author notes.