Announcing our Series D and $1B ARR

Fireworks has announced a significant milestone with a $1.505 billion Series D funding round, valuing the company at $17.5 billion, supported by prominent investors such as Atreides Management, Index Ventures, and TCV. This achievement coincides with Fireworks surpassing a $1 billion annualized revenue run rate, driven by its focus on transforming general-purpose models into specialized intelligence tailored for individual companies. These models leverage proprietary data to provide competitive advantages in AI by delivering high-performance, cost-effective solutions. The company is building a future where businesses can own and optimize their intelligence, moving away from renting general intelligence. This funding will support the expansion of Fireworks' compute infrastructure and engineering team to further their mission of enabling companies to create specialized AI across various industries, as exemplified by Cursor's coding models and Harvey's legal AI.

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