Fireworks AI raises $52M in Series B funding led by Sequoia Capital with participation from NVIDIA, AMD, and MongoDB

Jul 11, 2024•over 1 year ago

Amount Raised

$52 Million

Round Type

series b

Redwood Cityinformation technology & servicesArtificial IntelligenceSoftware

Investors

Mongo DbAmdNvidiaSequoia Capital

Description

Fireworks AI, a Redwood City-based genAI inference platform provider, raised $52M in Series B Funding, with total capital raised to $77M. The round was led by Sequoia Capital, with participation from NVIDIA, AMD, and MongoDB. The company intends to use the funds to expand the team and enhance its platform, enabling developers to quickly move AI applications from prototype to production.

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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