Fireworks, a startup backed by Nvidia, has raised $1.51 billion in its latest funding round, valuing the company at $17.5 billion. The Series D funding round was led by investment firms Atreides Management, Index Ventures, and TCV.
Fireworks provides AI inference and model-serving infrastructure, helping companies build, customize, and deploy AI models tailored to their business needs. The company has surpassed $1 billion in annualized revenue run rate, up fivefold year-over-year.
Fireworks’ customers include ride-hailing company Uber, e-commerce firm Shopify, and telehealth company Doximity. The company plans to deepen its partnerships with cloud partners like Microsoft and Nvidia.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
