# Fireworks AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fireworks-ai

- Industry: Software
- Headquarters: San Mateo, US
- Website: www.fireworks.ai
- Total disclosed funding: $1.8B
- Latest round: Series D (Jul 15, 2026)
- Investors on record: 25

## About

Based in the US, Fireworks AI, Inc. offers an infrastructure-as-a-service artificial intelligence platform. Based in California, US, and founded in 2022 by Lin Qiao, Chenyu Zhao, Dmytro Ivchenko, James Reed, Pawel Garbacki, and Benny Chen, Fireworks AI operates as a provider of open-source application integration platform for researchers and developers. In July 2026, Fireworks AI, Inc. raised USD 1.505 billion in series D funding co-led by new investors Atreides Management, TCV, and returning investor Index Ventures, with participation from other returning investors NVIDIA Corporation, Evantic Capital, Lightspeed Venture Partners, and Benchmark. New investors 20VC, Insight Partners, Bessemer Venture Partners, Menlo Ventures, Operator Collective, Ontario Teachers' Pension Plan, Original Capital, Prysm Capital, Quantum Capital, Time Ventures, Lone Pine Capital, and QuantumLight also participated in the round.

Fireworks is a production AI platform aimed toward developers. The company provides a range of advanced large language models (LLMs), including Mistral and Llama, as well as in-house trained models. They have industry-leading speed and performance, and the company's platform is benchmarked as the fastest for AI inference.

The company will use the July 2026 funding to expand its compute infrastructure, grow its engineering team, and continue developing its AI model training and inference platform.

## Funding rounds

- Series D, Jul 15, 2026, $1.5B — Benchmark, Index Ventures, Lightspeed Venture Partners, Menlo Ventures, TCV, Insight Partners, Ontario Teachers' Pension Plan, Bessemer Venture Partners, NVIDIA Corporation, Quantum Capital, Lone Pine Capital, Atreides Management, Operator Collective, Prysm Capital, 20VC, Original Capital, Time Ventures, QuantumLight, Evantic Capital
- Series C, Oct 28, 2025, $250M — Index Ventures, Lightspeed Venture Partners, Hong Shan, Evantic Capital
- Series B, May 15, 2024, $52M — Benchmark, Hong Shan, AMD, NVIDIA Corporation, MongoDB, Inc., Databricks Ventures
- Series A, Oct 14, 2022, $25M — Benchmark, Hong Shan, Surge, Snowflake Ventures, Databricks Ventures

## Investors

- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series A, Series B, Series D
- Hong Shan — Series A, Series B, Series C
- Surge (https://capitalatlas.ai/funds/surge) — Series A
- Snowflake Ventures (https://capitalatlas.ai/funds/snowflake-ventures) — Series A
- Databricks Ventures (https://capitalatlas.ai/funds/databricks-ventures) — Series A, Series B
- AMD — Series B
- NVIDIA Corporation — Series B, Series D
- MongoDB, Inc. — Series B
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series C, Series D
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series C, Series D
- Evantic Capital (https://capitalatlas.ai/funds/evantic-capital) — Series C, Series D
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series D
- TCV (https://capitalatlas.ai/funds/tcv) — Series D
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series D
- Ontario Teachers' Pension Plan — Series D
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series D
- Quantum Capital — Series D
- Lone Pine Capital — Series D
- Atreides Management (https://capitalatlas.ai/funds/atreides-management) — Series D
- Operator Collective (https://capitalatlas.ai/funds/operator-collective) — Series D
- Prysm Capital (https://capitalatlas.ai/funds/prysm-capital) — Series D
- 20VC (https://capitalatlas.ai/funds/20vc) — Series D
- Original Capital (https://capitalatlas.ai/funds/original-capital) — Series D
- Time Ventures (https://capitalatlas.ai/funds/time-ventures) — Series D
- QuantumLight (https://capitalatlas.ai/funds/quantumlight) — Series D