Fireworks AI, Inc.
Series CRaised $327M at $4B valuation
Last updated March 2026
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.
Total Funding
$327M
Valuation
$4B
Est. Revenue
$280M ARR
Employees
50-100
Fireworks AI, Inc. — Key Facts
| Company | Fireworks AI, Inc. |
|---|---|
| Product | Fireworks AI |
| Founded | 2022 |
| Headquarters | Redwood City, United States |
| Employees | 50-100 |
| Funding status | Venture-backed |
| Total funding | $327M |
| Valuation | $4B |
| Stage | Series C |
| Est. revenue | $280M ARR |
| Founders | Lin Qiao, Dmytro Dzhulgakov, James Reed, Dmytro Ivchenko, Pawel Garbacki, Chenyu Zhao, Benny Yufei Chen, Ning Li |
| Website | fireworks.ai |
Founders
Funding Rounds
- Series C$250MOct 2025Lightspeed Venture PartnersIndex VenturesEvanticSequoia Capital
- Series B$52MJul 2024Sequoia CapitalBenchmarkDatabricks Ventures
- Series A$25MMar 2024BenchmarkSequoia CapitalDatabricks Ventures
Investors
Company Profiles
Fireworks AI, Inc. — Frequently Asked Questions
Who owns Fireworks AI?
Fireworks AI is developed by Fireworks AI, Inc., headquartered in Redwood City, United States.
Who founded Fireworks AI, Inc.?
Fireworks AI, Inc. was founded by Lin Qiao, Dmytro Dzhulgakov, James Reed, Dmytro Ivchenko, Pawel Garbacki, Chenyu Zhao, Benny Yufei Chen and Ning Li in 2022.
How much funding has Fireworks AI, Inc. raised?
Fireworks AI, Inc. has raised $327M and is at the Series C stage. Investors include Lightspeed Venture Partners, Index Ventures, Evantic, Sequoia Capital.
How many employees does Fireworks AI, Inc. have?
Fireworks AI, Inc. has approximately 50-100 employees.
Where is Fireworks AI, Inc. headquartered?
Fireworks AI, Inc. is headquartered in Redwood City, United States.
What is Fireworks AI, Inc.'s estimated revenue?
Fireworks AI, Inc. has an estimated revenue of $280M ARR.
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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.