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Fireworks Raises $1.505B at a $17.5B Valuation After Claiming $1B Annualized Revenue

AI inference-platform company Fireworks announced a $1.505 billion Series D at a $17.5 billion valuation, led by Atreides Management, Index Ventures and TCV, with Nvidia and other investors participating. The company says it has surpassed $1 billion in annualized revenue run rate and processes more than 40 trillion tokens daily. Fireworks plans to use the capital to expand compute infrastructure and engineering.

PriorityURGENT93.6

First detected2d ago

Last development1d ago

Event date2026-07-15

Sources (8)

Origin

fireworks.aiofficial_statementprimary
Fireworks — Announcing our Series D and $1B ARR5d ago · open ↗

Confirmation

otpp.comofficial_statementprimaryindependent
Ontario Teachers' Pension Plan — Fireworks Raises a $1.5 Billion Series D4d ago · open ↗
siliconangle.comweb_articleindependent
SiliconANGLE — Fireworks closes $1.5B round at $17.5B valuation4d ago · open ↗
news.crunchbase.comweb_articleindependent
Crunchbase News: The Week’s 10 Biggest Funding Rounds—No Summer Doldrums As Dollars Still Flow To AI3d ago · open ↗
fortune.comweb_article
Fireworks Raises a $1.5 Billion Series D to Lead the Specialized Intelligence Revolution4d ago · open ↗
boursorama.comweb_articleindependent
Reuters via Boursorama — Nvidia-backed Fireworks valued at $17.5 billion4d ago · open ↗
streetinsider.comweb_articleindependent
Reuters — Nvidia-backed startup Fireworks valued at $17.5 billion in latest funding4d ago · open ↗

Context

news.crunchbase.comweb_articleindependent
Crunchbase News — The Week’s 10 Biggest Funding Rounds: No Summer Doldrums As Dollars Still Flow To AI3d ago · open ↗