COMPANY INFO
Fireworks AI, Inc. was founded in 2022. The company is headquartered in Redwood City, California, and operates in the AI model management and software development industry. Fireworks AI specializes in providing a generative AI platform that empowers developers and businesses to run AI workloads with blazing speed, low latency, and optimized cost, enabling seamless scaling globally. The company was co-founded by Lin Qiao (CEO, previously Head of PyTorch at Meta), Benny Chen (previously Meta ads infra lead), Chenyu Zhao (previously Google Vertex AI Lead), Dmytro Dzhulgakhov (previously PyTorch core maintainer at Meta), Dmytro Ivchenko (previously PyTorch for ranking lead at Meta), James Reed (previously PyTorch compiler at Meta), and Pawel Garbacki (previously Meta Newsfeed core ML lead). Fireworks AI has between 11-50 employees and is privately held. Its website is https://fireworks.ai.
Fireworks AI, Inc. was founded in 2022 and is headquartered in Redwood City, California. Operating within the software development and AI model management industry, Fireworks AI provides a cutting-edge generative AI platform designed to empower developers and businesses to run AI workloads with blazing speed, low latency, and optimized cost—enabling seamless scaling across the globe. The company was co-founded by Lin Qiao (CEO, formerly Head of PyTorch at Meta) and Benny Chen (former Meta Ads Infra Lead), along with an expert team from Meta and Google. Fireworks AI employs 16 staff members and is privately held.
Fireworks AI, Inc. has rapidly emerged as a major player in the generative AI sector, attracting substantial interest from the venture capital community. The company has successfully raised a total of $77 million across two funding rounds. Its funding journey began with a $25 million Series A round aimed at product development and market entry. In July 2024, Fireworks AI announced a $52 million Series B round led by Sequoia Capital, which marked a significant milestone as the round valued the company at $552 million. The Series B funding will propel the launch of compound AI systems and accelerate their mission of scaling AI deployment in production environments. Fireworks AI’s funding strategy has focused on securing investment from elite venture capital firms and strategic industry leaders to support its rapid expansion and innovation roadmap.
The Series B round was raised to accelerate the development of Fireworks AI’s compound AI systems, expand the core team, and further enhance the platform’s performance for increased AI adoption in production. This funding round valued the company at $552 million.
The Series A round was aimed at fueling product development, driving innovation, and supporting the company’s initial go-to-market efforts.
Sequoia Capital led the Series B round and brings extensive experience scaling world-class startups. Their involvement is a strong validation of Fireworks AI, Inc.'s vision and growth potential.
Benchmark led the Series A funding round, providing crucial early-stage capital and guidance for Fireworks AI’s foundational product and go-to-market strategies.
NVIDIA participated as a strategic investor, offering not just capital but also deep technical collaboration and industry expertise to drive Fireworks AI's generative AI capabilities.
AMD invested to support Fireworks AI’s work in high-performance computing and AI model serving, leveraging mutual synergies.
MongoDB Ventures’ investment helps Fireworks AI integrate scalable data infrastructure needed for sophisticated AI workloads.
Databricks Ventures supports Fireworks AI’s platform vision, focusing on scalable, cloud-native data and AI pipelines.
Frank Slootman is an angel investor, providing unique enterprise SaaS scaling insight for Fireworks AI’s commercial strategy.
Sheryl Sandberg invests as an advisor, lending operational expertise and strategic counsel from her experience leading Meta.
Howie Liu joins as an investor, offering perspective on software platform building and expansion.
Alexandr Wang's investment reflects his belief in Fireworks AI’s leadership in the generative AI domain, supporting technical and business growth.
These executives invested individually, reinforcing confidence in Fireworks AI’s leadership, technology, and go-to-market potential.
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