Fireworks AI
AI Inference Infrastructure
Valuation
$552M (Series A, 2024)
Total Funding
$52M
Profit Status
Pre-profit; API revenue
Employees
~100
About Fireworks AI
Fireworks AI is a high-performance AI inference platform that serves open-source frontier models — including Llama 4, DeepSeek R1, Qwen, Mixtral, and FireFunction — at industry-leading speed and cost. Founded by ex-Google Brain researchers, Fireworks specialises in inference optimisation with custom CUDA kernels, speculative decoding, and multi-GPU orchestration, delivering latency benchmarks that consistently beat AWS, Azure, and Together AI. Its FireFunction V2 model leads tool-calling benchmarks.
Company History
Founded 2022 by Lin Qiao (ex-Google Brain TensorFlow tech lead) and team. Launched public beta 2023. FireFunction V2 (2024) topped function-calling benchmarks. Series A (2024) at $552M valuation. Partnerships with Anyscale, Snowflake Cortex, and Adobe Firefly. Became preferred inference provider for many enterprise AI teams.
Company Timeline
2022
Founded by ex-Google Brain researchers
2023
Public beta launch; inference API for open models
2024
FireFunction-v2 tops tool-calling benchmarks; Series A $52M at $552M valuation
2025
Llama 4 and DeepSeek R1 on-platform; compound AI system for serverless agents
Products & Services
Company Details
Focus Area
AI Inference Infrastructure
Stage
Founded
2022
Headquarters
Redwood City, CA
Employees
~100 (2025)
Financial Overview
Total Funding
$52M
Valuation
$552M (Series A, 2024)
Profit Status
Pre-profit; API revenue
Key Investors
Key People
- Lin Qiao (CEO / Co-founder)
- Denny Zhou (Co-founder)
- Dmytro Ivchenko (Co-founder)