Meta Strategy Chief Dave Wehner Joins Fireworks as CFO
TL;DR
- Dave Wehner moves from Meta chief strategy officer to CFO of Fireworks, after serving as Meta's CFO from 2014 until 2022.
- Fireworks closed a $1.505 billion Series D at a $17.5 billion post-money valuation in July, led by Atreides Management, Index Ventures, and TCV.
- The company is reportedly in early talks to raise again at a $30 billion to $40 billion valuation.
Dave Wehner, Meta's former chief financial officer and current chief strategy officer, is leaving the company to become CFO of Fireworks, an AI inference startup valued at $17.5 billion in July. CNBC reported the move. Wehner joined Facebook in 2012 as vice president of corporate finance and business planning, became CFO in 2014, and shifted to the strategy role in 2022.
"Dave told me he wanted to get back to a smaller company where he could build toward a big impact again," Fireworks CEO Lin Qiao wrote on LinkedIn.
Fireworks was founded in 2022 by former Meta and Google employees and runs a platform that lets developers customize and run open models. Its July Series D brought in $1.505 billion at a $17.5 billion post-money valuation, led by Atreides Management, Index Ventures, and TCV. The company is reportedly in early talks to raise again at a $30 billion to $40 billion valuation.
It is the latest in a run of stories we have logged on AI infrastructure over the last three months.
Originally reported by cnbc.com
Read the original article →Original headline: Meta Chief Strategy Officer Dave Wehner Leaves to Become CFO of $17.5B AI Inference Startup Fireworks