Why Fireworks AI matters
Fireworks AI raised a $1.505 billion Series D at a $17.5 billion valuation on July 16, 2026, led by Atreides Management, Index Ventures and TCV, with Nvidia participating. The company says it has passed $1 billion in annualized revenue and serves more than 40 trillion tokens a day, over 95% from models customized on customer data. Its Series C in October 2025 valued it at $4 billion.
The numberRaised $1.505B at a $17.5B valuation on July 16, 2026, after passing $1B in annualized revenue
On The All Things AI 100
Listed under Model platforms and developer tools. Where models are hosted, served, and turned into applications.
Quick answers
- What does Fireworks AI do?
- Inference platform for running and fine-tuning open and custom models at production scale. Fireworks AI raised a $1.505 billion Series D at a $17.5 billion valuation on July 16, 2026, led by Atreides Management, Index Ventures and TCV, with Nvidia participating.
- What AI capabilities does Fireworks AI offer?
- Fireworks AI provides a production inference platform for running open source and custom AI models. Customers can deploy, fine-tune, and serve models through an API, with tools for scaling throughput and managing model versions. The service is aimed at teams that need reliable model hosting without operating their own GPU infrastructure.
- Why is Fireworks AI on The All Things AI 100?
- Fireworks AI is listed under Model platforms and developer tools. Where models are hosted, served, and turned into applications. Raised $1.505B at a $17.5B valuation on July 16, 2026, after passing $1B in annualized revenue.
- Where is Fireworks AI based, and who owns it?
- Fireworks AI is based in Redwood City, CA, was founded in 2022 and is private, Series D.