Fireworks AI
Summary active Updated Jul 19, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Investors
Founders
About
Fireworks AI is a Redwood City-based enterprise AI inference platform that helps companies run and customize open-source and specialized generative AI models. Founded in 2022 by former Meta PyTorch leader Lin Qiao and other Meta engineers, Fireworks positions itself as an infrastructure layer for “specialized intelligence” — helping enterprises fine-tune and deploy models trained on their own data 1 2.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-07-15 | Series D | USD 1.505B | Atreides Management, Index Ventures, TCV | Evantic Capital, Lightspeed Venture Partners, NVIDIA, 20VC, Bessemer Venture Partners, Menlo Ventures 1 2 3 |
The Series D set a USD 17.5B valuation. Fireworks said the round comes as annualized revenue run rate surpassed USD 1B and daily token volume grew from 15 trillion to more than 40 trillion 1 3.
What Investors Say
No independently sourced investor quotes beyond the joint announcement press materials.
What Founders Say
Lin Qiao (CEO), on the company’s positioning: “Every company must own its intelligence.” 1
Sources
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Fireworks AI blog, “Fireworks Secures $1.5 Billion in Series D Funding,” July 15, 2026. Accessed July 2026. https://fireworks.ai/blog/series-d-announcement↩↩↩↩
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Business Wire, “Fireworks Raises a $1.5 Billion Series D to Lead the Specialized Intelligence Revolution,” July 16, 2026. Accessed July 2026. https://www.businesswire.com/news/home/20260716264405/en/Fireworks-Raises-a-$1.5-Billion-Series-D-to-Lead-the-Specialized-Intelligence-Revolution↩↩
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Quartz, “Fireworks AI raises $1.5 billion Series D at $17.5 billion valuation,” July 16, 2026. Accessed July 2026. https://qz.com/fireworks-ai-series-d-fundraise-valuation-open-source-07162↩↩