Fireworks AI valuation, funding and investors
Fireworks AI works in generative AI model development, based in San Mateo, United States. Founded in 2022, it has about 448 employees.
- Last round
- Series D · $1.50B · Jul 2026
- Valuation at last round
- $17.50B
- Headcount
- 448 · growing
- Grade
- B
- Founded
- 2022
Fireworks AI valuation today
VCMC values Fireworks AI at $19.5B today, with a range of $15.2B to $29.8B and a grade of B. The valuation starts from its last funding round, a Series D round in Jul 2026.
Valuation by date (63 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2022 | $18.7M | $6.81M – $51.4M | $20.4M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2022 | $18.8M | $6.86M – $51.7M | $20.6M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2022 | $19.0M | $6.90M – $52.1M | $20.7M (+9%) | before first round | – | unknown | D | 0% |
| 1 Apr 2022 | $19.1M | $6.96M – $52.5M | $20.9M (+9%) | before first round | – | unknown | D | 0% |
| 1 May 2022 | $19.2M | $7.01M – $52.9M | $21.0M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jun 2022 | $19.4M | $7.06M – $53.3M | $21.2M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jul 2022 | $19.5M | $7.11M – $53.7M | $21.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Aug 2022 | $19.7M | $7.16M – $54.1M | $21.5M (+9%) | before first round | – | unknown | D | 0% |
| 1 Sep 2022 | $19.8M | $7.22M – $54.5M | $21.7M (+9%) | before first round | – | unknown | D | 0% |
| 1 Oct 2022 | $20.0M | $7.27M – $54.9M | $21.8M (+9%) | before first round | – | unknown | D | 0% |
| 1 Nov 2022 | $20.1M | $7.32M – $55.3M | $22.0M (+9%) | before first round | – | unknown | D | 0% |
| 1 Dec 2022 | $20.3M | $7.38M – $55.7M | $22.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jan 2023 | $20.4M | $7.43M – $56.1M | $22.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2023 | $20.6M | $7.49M – $56.5M | $22.5M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2023 | $20.7M | $7.54M – $56.9M | $22.6M (+9%) | before first round | – | unknown | D | 0% |
| 1 Apr 2023 | $20.9M | $7.60M – $57.3M | $22.8M (+9%) | before first round | – | unknown | D | 0% |
| 1 May 2023 | $21.0M | $7.65M – $57.7M | $23.0M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jun 2023 | $21.2M | $7.71M – $58.2M | $23.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jul 2023 | $21.3M | $7.77M – $58.6M | $23.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Aug 2023 | $21.5M | $7.82M – $59.0M | $23.3M (+8%) | before first round | – | unknown | D | 0% |
| 1 Sep 2023 | $21.7M | $7.88M – $59.5M | $23.3M (+8%) | before first round | – | unknown | D | 0% |
| 1 Oct 2023 | $19.9M | $7.24M – $54.6M | $21.2M (+7%) | before first round | 9 | unknown | D | 0% |
| 1 Nov 2023 | $20.0M | $7.29M – $55.0M | $21.2M (+6%) | before first round | 9 | unknown | D | 0% |
| 1 Dec 2023 | $20.2M | $7.34M – $55.4M | $21.2M (+5%) | before first round | 9 | unknown | D | 0% |
| 1 Jan 2024 | $20.3M | $7.40M – $55.8M | $21.2M (+5%) | before first round | 9 | unknown | D | 0% |
| 1 Feb 2024 | $20.5M | $7.46M – $56.3M | $21.2M (+4%) | before first round | 9 | unknown | D | 0% |
| 1 Mar 2024 | $32.9M | $14.1M – $65.4M | $33.9M (+3%) | before first round | 22 | growing | C | 0% |
| 28 Mar 2024 | $139M | $91.3M – $380M | $250M (+80%) | after a round | 22 | growing | C | 0% |
| 1 Apr 2024 | $140M | $91.3M – $380M | $250M (+79%) | after a round | 22 | growing | C | 0% |
| 1 May 2024 | $147M | $91.3M – $380M | $250M (+70%) | after a round | 22 | growing | C | 0% |
| 1 Jun 2024 | $154M | $91.3M – $380M | $250M (+62%) | after a round | 22 | growing | C | 0% |
| 1 Jul 2024 | $167M | $102M – $424M | $279M (+67%) | after a round | 36 | growing | C | 0% |
| 12 Jul 2024 | $553M | $480M – $952M | $828M (+50%) | after a round | 36 | growing | B | 0% |
| 1 Aug 2024 | $567M | $480M – $1.0B | $874M (+54%) | after a round | 46 | growing | B | 0% |
| 1 Sep 2024 | $589M | $480M – $1.0B | $874M (+48%) | after a round | 46 | growing | B | 0% |
| 1 Oct 2024 | $612M | $480M – $1.0B | $874M (+43%) | after a round | 46 | growing | B | 0% |
| 1 Nov 2024 | $648M | $480M – $1.1B | $926M (+43%) | after a round | 60 | growing | B | 0% |
| 1 Dec 2024 | $676M | $480M – $1.1B | $926M (+37%) | after a round | 60 | growing | B | 0% |
| 1 Jan 2025 | $706M | $480M – $1.1B | $926M (+31%) | after a round | 60 | growing | B | 0% |
| 1 Feb 2025 | $738M | $480M – $1.1B | $926M (+26%) | after a round | 60 | growing | B | 0% |
| 1 Mar 2025 | $768M | $480M – $1.1B | $926M (+21%) | after a round | 60 | growing | B | 0% |
| 1 Apr 2025 | $830M | $480M – $1.1B | $970M (+17%) | after a round | 74 | growing | B | 0% |
| 1 May 2025 | $869M | $480M – $1.1B | $970M (+12%) | after a round | 74 | growing | B | 0% |
| 1 Jun 2025 | $912M | $480M – $1.1B | $970M (+6%) | after a round | 74 | growing | B | 0% |
| 1 Jul 2025 | $1.0B | $480M – $1.2B | $1.0B (+2%) | after a round | 105 | growing | B | 0% |
| 1 Aug 2025 | $1.1B | $491M – $1.2B | $1.1B (0%) | after a round | 114 | growing | B | 0% |
| 1 Sep 2025 | $1.1B | $508M – $1.2B | $1.1B (0%) | after a round | 114 | growing | B | 0% |
| 1 Oct 2025 | $1.1B | $526M – $1.2B | $1.1B (0%) | after a round | 122 | growing | B | 0% |
| 29 Oct 2025 | $4.0B | $3.5B – $6.0B | $5.2B (+30%) | after a round | 122 | growing | A | 0% |
| 1 Nov 2025 | $4.0B | $3.5B – $6.0B | $5.2B (+30%) | after a round | 141 | growing | A | 0% |
| 1 Dec 2025 | $4.1B | $3.5B – $6.0B | $5.2B (+27%) | after a round | 141 | growing | A | 0% |
| 1 Jan 2026 | $4.2B | $3.5B – $6.0B | $5.2B (+24%) | after a round | 141 | growing | A | 0% |
| 1 Feb 2026 | $4.3B | $3.5B – $6.2B | $5.4B (+25%) | after a round | 169 | growing | A | 0% |
| 1 Mar 2026 | $4.4B | $3.5B – $6.2B | $5.4B (+22%) | after a round | 169 | growing | A | 0% |
| 1 Apr 2026 | $4.5B | $3.5B – $6.2B | $5.4B (+19%) | after a round | 169 | growing | A | 0% |
| 1 May 2026 | $4.8B | $3.5B – $6.5B | $5.7B (+19%) | after a round | 207 | growing | B | 0% |
| 1 Jun 2026 | $4.9B | $3.5B – $6.5B | $5.7B (+15%) | after a round | 207 | growing | B | 0% |
| 1 Jul 2026 | $5.1B | $3.5B – $6.5B | $5.7B (+12%) | after a round | 207 | growing | B | 0% |
| 16 Jul 2026 | $17.5B | $15.2B – $26.2B | $22.8B (+30%) | after a round | 250 | growing | A | 0% |
| 1 Aug 2026 | $17.7B | $15.2B – $26.2B | $22.8B (+28%) | after a round | 250 | growing | A | 0% |
| 1 Sep 2026 | $18.1B | $15.2B – $26.2B | $22.8B (+26%) | after a round | 250 | growing | A | 0% |
| 1 Oct 2026 | $18.9B | $15.2B – $28.6B | $24.9B (+32%) | after a round | 375 | growing | B | 0% |
| 24 Oct 2026 | $19.5B | $15.2B – $29.8B | $25.9B (+33%) | after a round | 448 | growing | B | 0% |
Key facts about Fireworks AI
- Founded
- 2022
- Headquarters
- San Mateo, United States
- Employees
- about 448 +267% in a year
- Total raised
- $1.83B
- Funding rounds
- 4
- Last round
- Series D Jul 2026
Fireworks AI was founded in 2022 by Benny Chen, Chenyu Zhao, Dmytro Dzhulgakov, Dmytro Ivchenko, James Reed, Lin Qiao and Pawel Garbacki.
Fireworks AI funding history
Fireworks AI has 4 funding rounds on record, from Mar 2024 to Jul 2026, $1.83B in total. The latest disclosed valuation is $17.50B post-money (Series D, Jul 2026).
Series D 15 Jul 2026
Led by Atreides Management, Index Ventures, Technology Crossover Ventures; with Evantic Capital, Lightspeed Venture Partners, Nvidia, 20VC, Bessemer Venture Partners, Menlo Ventures, Insight Partners, Ontario Teachers’ Pension Plan, Lone Pine Capital, Operator Collective, Original Capital, Prysm Capital, Quantum, TIME Ventures.
Sources: fireworks.ai, qz.com, finance.yahoo.com and 3 more
$1.50B
$17.50B post-money
Series C 28 Oct 2025
Led by Lightspeed Venture Partners, Index Ventures, Evantic; with Sequoia Capital.
Sources: fireworks.ai, angelsround.com, techfundingnews.com
$250M
$4.00B post-money
Series B 11 Jul 2024
Led by Sequoia Capital; with NVIDIA, AMD, MongoDB Ventures, Benchmark, Databricks Ventures.
Sources: fireworks.ai, istonline.org.uk
$52M
$552M post-money
Series A 27 Mar 2024
Led by Benchmark; with Sequoia Capital, Databricks Ventures, NVIDIA, AMD, MongoDB Ventures.
Sources: finsmes.com
$25M
Fireworks AI investors
23 investors have backed Fireworks AI; Sequoia Capital, Benchmark and Index Ventures and 4 more led at least one round.
- Sequoia Capital lead, 3 rounds
- Benchmark lead, 2 rounds
- Index Ventures lead, 2 rounds
- Lightspeed Venture Partners lead, 2 rounds
- Atreides Management lead
- Evantic lead
- Technology Crossover Ventures lead
- NVIDIA 3 rounds
- AMD 2 rounds
- Databricks Ventures 2 rounds
- MongoDB Ventures 2 rounds
- 20VC
- Bessemer Venture Partners
- Evantic Capital
- Insight Partners
- Lone Pine Capital
- Menlo Ventures
- Ontario Teachers’ Pension Plan
- TIME Ventures
What Fireworks AI does
Fireworks AI works in tech companies, with 15 recorded offerings and customers in enterprise AI and software development.
Fireworks AI, Inc. is an American company engaged in artificial intelligence solutions, with a focus on generative AI and machine learning. The company provides open-source language and image models, fine-tuning and deployment of proprietary models, and cloud-based infrastructure for AI deployment. Fireworks AI serves clients in sectors such as software development, enterprise AI, conversational AI, multimodal AI, and enterprise RAG, supporting both research and production AI workloads.
Description from Veridion's company data.
Products and services
- Generative AI Model Development
- Image Model Development
- Open-Source Language Model Distribution
- Proprietary Model Fine-Tuning and Deployment
- Serverless Inference Services
- On-Demand Model Deployment Services
- Managed AI Training Services
- Production AI Infrastructure Deployment
- Multimodal AI Solutions Development
- Conversational AI Solutions Development
- Enterprise AI Workload Optimization
- Reinforcement Learning Solutions Development
- Speculative Decoding Solutions Development
- AI Research and Development Services
- AI Performance Enhancement Consulting
Markets
- Enterprise AI
- Software Development
Technology
- Generative AI
- Machine Learning
- Open-Source Language Models
- Image Models
- Fine-Tuning and Deployment of Proprietary Models
- Serverless Inference
- On-Demand Deployments
- Managed Training
- Scalable Training and Inference Engine
- Model Library
- Speculative Decoding
- Reinforcement Learning
Certifications
- SOC2
- HIPAA compliant
- GDPR compliant
Business model
- Business-to-Business
- Service Provider
- Software-as-a-Service
- Enterprise
Industry codes (NAICS)
- 513210 Software Publishers 50% match
- 518210 Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services 50% match
Questions about Fireworks AI
What is Fireworks AI worth?
Valuation $19.5B (range $15.2B to $29.8B), as of 24 Oct 2026. The last disclosed valuation was $17.50B (Series D, Jul 2026).
Has Fireworks AI raised money?
Fireworks AI has 4 funding rounds on record, from Mar 2024 to Jul 2026, $1.83B in total. The latest disclosed valuation is $17.50B post-money (Series D, Jul 2026).
Who has invested in Fireworks AI?
Sequoia Capital, Benchmark, Index Ventures, Lightspeed Venture Partners, Atreides Management and Evantic, and 17 more. Lead investors include Sequoia Capital, Benchmark, Index Ventures and Lightspeed Venture Partners.
How many people work at Fireworks AI?
About 448, up 267% over the last year. Headcount grew from 9 in Oct 2023 to 448 in Oct 2026.
What does Fireworks AI do?
Fireworks AI works in tech companies, with 15 recorded offerings and customers in enterprise AI and software development. Its main offerings are generative AI model development, image model development and open-source language model distribution.
When was Fireworks AI founded, and where is it based?
Fireworks AI was founded in 2022 and is based in San Mateo, United States. It has about 448 employees, up 267% over the last year.