Fireworks AI Raises $1.5 Billion at $17.5 Billion Valuation

July 17, 2026
AI infrastructure company Fireworks AI has raised $1.5 billion in a Series D round led by Atreides Management, Index Ventures, and TCV, reaching a valuation of $17.5 billion. The funding will be used to expand engineering capacity and global computing infrastructure.

Fireworks AI has raised $1.5 billion in a Series D funding round, reaching a valuation of $17.5 billion, reports Reuters. The round was led by investment firms Atreides Management, Index Ventures, and TCV. Existing investors, including Nvidia and Lightspeed Venture Partners, also participated.

Founded in 2022 by former Meta engineers, Fireworks AI said it will use the new capital to grow its engineering team and expand its global compute capacity. The company has surpassed $1 billion in annualized revenue, rising fivefold year over year.

Fireworks provides infrastructure for AI model training and deployment, helping companies build and customize models tailored to their needs. Its customers include Uber, Shopify, and Doximity. The platform now processes over 40 trillion tokens per day.

The company plans to deepen its collaborations with partners such as Microsoft and Nvidia as it continues to expand its AI infrastructure services.

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