{"slug": "how-this-nvidia-backed-ai-company-reached-a-17-5b-valuation", "title": "How this Nvidia-backed AI company reached a $17.5B valuation", "summary": "Nvidia-backed AI company Fireworks raised $1.5 billion in its latest funding round, reaching a $17.5 billion valuation. CEO Lin Qiao emphasized the importance of companies owning their own intelligence.", "body_md": "Nvidia-backed ([NVDA](https://finance.yahoo.com/quote/NVDA/)) AI company Fireworks has raised $1.5 billion in its latest funding round, bringing its valuation up to $17.5 billion.\n\nFireworks co-founder and CEO, Lin Qiao, explains why she believes companies must \"own their own intelligence.\"", "url": "https://wpnews.pro/news/how-this-nvidia-backed-ai-company-reached-a-17-5b-valuation", "canonical_source": "https://ca.finance.yahoo.com/video/nvidia-backed-ai-company-reached-120000681.html", "published_at": "2026-07-17 12:00:00+00:00", "updated_at": "2026-07-17 12:07:45.816517+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-startups", "ai-infrastructure"], "entities": ["Nvidia", "Fireworks", "Lin Qiao"], "alternates": {"html": "https://wpnews.pro/news/how-this-nvidia-backed-ai-company-reached-a-17-5b-valuation", "markdown": "https://wpnews.pro/news/how-this-nvidia-backed-ai-company-reached-a-17-5b-valuation.md", "text": "https://wpnews.pro/news/how-this-nvidia-backed-ai-company-reached-a-17-5b-valuation.txt", "jsonld": "https://wpnews.pro/news/how-this-nvidia-backed-ai-company-reached-a-17-5b-valuation.jsonld"}}