Nvidia-Backed Fireworks Raises $1.5 Billion in Series D at $17.5 Billion Valuation
AI model-access provider Fireworks raised $1.5 billion in a Series D funding round, valuing the company at $17.5 billion. The financing round pushes the firm’s annualized revenue past $1 billion.
Nvidia participated in the deal. The company now services more than 40 trillion tokens daily, with over 95% generated by models customized on customer data. The announcement arrives as enterprises seek cheaper artificial intelligence models.
From the sources (3 posts)
@techmemeFireworks, which helps developers access AI chips and open-source models, raised $1.5B at a $17.5B valuation and says it has exceeded $1B in annualized revenue (@jordannovet / CNBC) (Visit Techmeme dot com for the link and full context!)
@cnbcNvidia-backed Fireworks hits $17.5 billion valuation as companies pursue cheaper AI models
@fireworksai_hqEvery company must own its intelligence. We've raised $1.5B Series D at a $17.5B valuation. We’ve surpassed $1B ARR and serve over 40 trillion tokens daily, with 95%+ coming from models specialized on customer data. We’re just getting s