Meta strategy chief Dave Wehner to become Fireworks CFO

Dave Wehner is leaving Meta to become CFO of Fireworks, an AI infrastructure startup. The reports say he will help scale its finances and operations; they also note its $17.5 billion valuation in a July funding round and a previously disclosed security incident.

• Wehner announced he is leaving Meta to join Fireworks as CFO. Meta said he joined in 2012 and served as CFO from 2014 to 2022 before becoming chief strategy officer.· 2 sources
• Fireworks provides services for customizing, training and running open AI models. CEO Lin Qiao said Wehner will help scale the company’s finances and operations.· 2 sources
• Fireworks was valued at $17.5 billion in a July Series D round. The reports say it has discussed a possible new round at a valuation of $30 billion to $40 billion; those discussions were described as early-stage.· 2 sources
• Fireworks disclosed an October incident involving unauthorized use of internal credentials and access to some environment variables in evaluation jobs. The company said its investigation found no evidence of access to customer models, datasets, training data, personal information or inference traffic.· 2 sources