Fireworks - About the company
Fireworks is a series D company based in Redwood City (United States), founded in 2022 by James Reed, Dmytro Ivchenko, Pawel Garbacki, Chenyu Zhao, Benny Yufei Chen, Dmytro Dima Dzhulgakov and Lin Qiao. It operates as a Generative AI platform as a service for accelerating product innovation and disruption. Fireworks has raised $1.81B in funding from investors like Index Ventures, Lightspeed Venture Partners and Sequoia Capital, with a current valuation of $4B. The company has 1768 active competitors, including 115 funded and 17 that have exited. Its top competitors include companies like Goodfire, Cartesia and Bria.
Sectors and market segments that Fireworks operate in
Fireworks serves in the High Tech, Native AI market segments.The primary business model of Fireworks are:Company Details
Generative AI platform as a service for accelerating product innovation and disruption. It offers an open-source function calling model and fine-tuned versions of models like Llama 2 70B Chat and Mistral 7B Instruct.
- Website
- fireworks.ai
- Social
- Email ID
- *****@fireworks.ai
Key Metrics
Founded Year
2022
Location
Redwood City, United States
Stage
Series D
Total Funding
$1.81B in 4 rounds
Latest Funding Round
Post Money Valuation
$4B as on Oct 28, 2025
Investors
Ranked
1st among 1768 active competitors
Employee Count
296 as on Jul 31, 2026
Legal entities associated with Fireworks
Fireworks is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
FIREWORKS.AI, INC. CIN: 7042188 , United States, Active | Sep 21, 2022 | - | 16 (As on Dec 31, 2023) | - |
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Fireworks's funding and investors
Fireworks has raised a total funding of $1.81B over 4 rounds. Its first funding round was on Mar 27, 2024. Its latest funding round was a Series D round on Jul 16, 2026 for $1.5B. 17 investors participated in its latest round. Fireworks has 24 institutional investors and 4 angel investors.
Here is the list of recent funding rounds of Fireworks:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 16, 2026 | $1.5B | Series D | - | - | ||
Oct 28, 2025 | $230M | Series C | $4B | - | ||
Jul 11, 2024 | $52M | Series B | - | - |
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Fireworks' founders and board of directors
Founder? Claim ProfileThe founders of Fireworks are James Reed, Dmytro Ivchenko, Pawel Garbacki, Chenyu Zhao, Benny Yufei Chen, Dmytro Dima Dzhulgakov and Lin Qiao. Lin Qiao is the CEO of Fireworks.
Here are the details of Fireworks' key team members:
- James Reed: Co-Founder of Fireworks. Contact Info: 1 email address
- Dmytro Ivchenko: Co-Founder of Fireworks. Contact Info: 1 email address
- Pawel Garbacki: Co-Founder of Fireworks. Contact Info: 1 email address
- Chenyu Zhao: Co-Founder of Fireworks.
- Benny Yufei Chen: Co-Founder of Fireworks. Contact Info: 1 email address
View details of Fireworks's Founder profiles and Board Members
Fireworks' employee count trend
Fireworks has 296 employees as of Jul 26. Here is Fireworks's employee count trend over the years:
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Fireworks's Competitors and alternates
Top competitors of Fireworks include Goodfire, Cartesia and Bria. Here is the list of Top 10 competitors of Fireworks, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Fireworks 2022, Redwood City (United States), Series D | Generative AI platform as a service for accelerating product innovation and disruption | $1.81B | 72/100 | |
2nd | Goodfire 2024, San Francisco (United States), Series B | Interpretability tooling for generative AI models | $209M | 71/100 | |
3rd |  Cartesia 2023, San Francisco (United States), Series A | Provider of real-time text-to-speech API with AI laughter and emotion | $86M | 67/100 | |
4th | Provider of licensed data-trained AI platform for visual content generation | $65M | 66/100 | ||
5th | Developer of AI models for text, speech, video, and music generation | $1.15B | 62/100 | ||
6th | Arcee.ai 2023, Miami (United States), Series A | Platform to train, and deploy language models | $29.5M | 62/100 | |
7th |  Braintrust 2023, San Francisco (United States), Series B | Provider of an AI observability platform for building quality AI products | $121M | 61/100 | |
8th | Letta 1997, San Francisco (United States), Early Stage | Developer of a memory-first agent accessible through desktop and CLI | $10M | 60/100 | |
9th |  Grok 2023, United States, Unfunded | AI-powered assistant for generating answers and creating documents | - | - | 58/100 |
10th |  Guide Labs 2023, San Francisco (United States), Seed | Platform developing interpretable foundation models | $18.8M | 58/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Fireworks's competitors? Click here to see the top ones
Fireworks's Investments and acquisitions
Fireworks has made no investments or acquisitions yet.
Reports related to Fireworks
Here is the latest report on Fireworks's sector:
News related to Fireworks
Filter this listMedia has covered Fireworks for a total of 9 events in the last 1 year, 1 of them has been about people movement.
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Fireworks Raises $1.505 Billion Series D Amid Accelerating Enterprise Demand for Specialized AIIntelligentcio•Jul 31, 2026•Fireworks, Microsoft, Nvidia, Point2 Tech
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Nvidia has a new way to sell more AI chips: help customers buy themBusiness Insider•Jul 22, 2026•Fireworks
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Fireworks Secures $1.5 Billion Series D Funding at $17.5 Billion ValuationMassinvestor•Jul 16, 2026•Atreides Management, Fireworks, TCV, Index Ventures and 3 others
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Fireworks AI Acquires Hathora to Enhance Real-Time AI CapabilitiesSiliconAngle•Mar 09, 2026•Fireworks, Hathora
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Fireworks AI's Co-Founder Benny Chen Joins DEVOPSdigest Vendor ForumDEVOPSdigest•Nov 19, 2025•Fireworks
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PyTorch engineers’ brainchild Fireworks AI closes $250M at $4B valuation to redefine enterprise AI infrastructureTech Funding News•Oct 29, 2025•Fireworks
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Fireworks AI Raises $250M Series C to Lead the AI Inference MarketBusiness Wire•Oct 28, 2025•Fireworks, Sequoia Capital, Evantic, Lightspeed Venture Partners and 4 others
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Nvidia-backed Fireworks AI races to $4B valuation with Lightspeed, Index VenturesTech Funding News•Jul 29, 2025•Fireworks, Index Ventures, Lightspeed
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CoreWeave closes in on $35bn IPODCD•Feb 27, 2025•CoreWeave, Core Scientific, Cisco Systems Philippines, Nvidia and 18 others
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FAQs about Fireworks
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