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Fireworks AI

The fastest and most efficient platform for high-performance AI inference and model customization.
Artificial Intelligence 📍 Redwood City, CA Founded 2022
Current Valuation
$18B
as of 2026-Q3
DECACORN
Fireworks AI is a high-performance inference cloud that enables developers to build and deploy production-grade generative AI applications. The platform specializes open models on customer data and optimizes them for speed and cost, serving over 40 trillion tokens daily for thousands of enterprise customers.

Company Profile

CEO
Lin Qiao
Founded
2022
HQ
Redwood City, CA
Employees
189
Total Raised
$1.8B
Est. Revenue
$1.0B (2026-07)
Growth
Hypergrowth ($1B ARR milestone)
Last Round
Series D — $1.5B (Jul 2026) · Lead: Atreides Management, Index Ventures & TCV
IPO Status
private

Fundraising Status

Series D · $1.5B · 1 mo ago
privateTotal raised $1.8B

Secondary Market

Implied price / share
$41.64
Last round price / share
$19.92
vs last round
+109.0%
Open interest
8
Last round price vs secondary price
Last round vs current secondary price per share$19.92Last round$41.64Current
Secondary price return by period
Secondary market period returns3-month-18.5%6-month-30.6%1-year-27.1%All-time+4064%
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →

Latest Funding Round

RoundAmountDateLead InvestorPost-Money
Series D$1.5BJul 2026Atreides Management, Index Ventures & TCV

Founders & Key People

Lin QiaoDmytro DzhulgakovDmytro IvchenkoBenny ChenJames ReedPawel GarbackiChenyu Zhao

Investors

Lightspeed Venture Partners · Index Ventures · Sequoia Capital · Benchmark · Databricks Ventures · NVIDIA · AMD · MongoDB · Atreides Management · TCV · Evantic Capital · Bessemer Venture Partners · Menlo Ventures · 20VC

Products

  • Fireworks Platform
  • FireOptimizer
  • Custom Model Deployment
  • Function Calling
  • Multi-modal Inference
  • Compound AI Systems

Competitors

Together AI · Anyscale · Replicate · OctoAI · Modal
AI InferenceLLMOpen SourceGPU OptimizationPyTorch
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2026-Q3. Refreshed quarterly.