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Fireworks AI, Inc.

Series C

Raised $327M at $4B valuation

Founded 2022Redwood City, United States50-100 employeesRevenue: $280M ARR

About Fireworks AI, Inc.

Fireworks AI is an advanced inference platform that enables developers to build, tune, and scale AI applications using open-source models, processing over 10 trillion tokens per day. Founded in 2022 and headquartered in Redwood City, United States, Fireworks AI, Inc. has raised a total of $327M in funding and is currently at the Series C stage. Notable investors include Lightspeed Venture Partners, Index Ventures, Evantic, Sequoia Capital. The company has an estimated revenue of $280M ARR.

Key Metrics

Total Funding
$327M
Founded
2022
Team Size
50-100
Headquarters
Redwood City, United States
Valuation
$4B
Stage
Series C
Est. Revenue
$280M ARR

Founders

Lin Qiao

Co-founder & CEO

Dmytro Dzhulgakov

Co-founder

James Reed

Co-founder

Dmytro Ivchenko

Co-founder

Pawel Garbacki

Co-founder

Chenyu Zhao

Co-founder

Benny Yufei Chen

Co-founder

Ning Li

Co-founder

Funding Rounds

RoundDateAmountInvestors
Series COct 2025$250M
Lightspeed Venture PartnersIndex VenturesEvanticSequoia Capital
Series BJul 2024$52M
Sequoia CapitalBenchmarkDatabricks Ventures
Series AMar 2024$25M
BenchmarkSequoia CapitalDatabricks Ventures

Investors

Lightspeed Venture PartnersIndex VenturesEvanticSequoia CapitalBenchmarkDatabricks VenturesNVIDIAAMDMongoDB VenturesKoru Capital

Company Profiles

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Fireworks AI Review

Read full review, pricing, and alternatives

Fireworks AI competes with Together AI, Replicate, and Anyscale for AI inference. It generally offers faster inference speeds and more competitive pricing than major cloud providers (AWS Bedrock, Google Vertex). Compared to Together AI, Fireworks provides broader model support and more deployment flexibility. Replicate is simpler to use but less optimized for production workloads.

Fireworks AI Funding, Revenue & Investors — $327M Raised (2026) | ToolJunction