AI infrastructure startup Fireworks closes $1.5B round at $17.5B valuation

Fireworks AI Inc., a startup that helps developers train and run artificial intelligence models, has raised $1.5 billion in funding. Atreides Management, Index Ventures and TCV jointly led the Series D round. Fireworks stated in its funding announcement Wednesday that they were joined by more than a half-dozen other backers, including Nvidia Corp.