Fireworks.ai raised $25 million in a funding round led by Benchmark with participation from Sequoia Capital, Databricks, and Snowflake to further develop their open source model API for generative AI.

Mar 26, 2024•over 1 year ago

Amount Raised

$25 Million

Redwood Cityinformation technology & servicesArtificial IntelligenceSoftware

Investors

SnowflakeDatabricksSequoia CapitalBenchmark

Description

Fireworks.ai, a startup focusing on an open source model API for generative AI, raised $25 million in a funding round. The round was led by Benchmark and included participation from Sequoia Capital, Databricks, and Snowflake, with strategic implications for data storage tools.

Company Information

Company

Fireworks AI

Location

2317 Broadway

Redwood City, California, United States

About

Fireworks is the fastest way to build, tune, and scale AI on open models. Ship production-ready AI in seconds on our globally distributed cloud infrastructure, optimized for your use case. Fireworks powers production workloads at companies like Uber, Doordash, Notion, and Cursor—delivering 15× faster speed, 4× lower latency, and 4× more concurrency than closed models.

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