Jul 22, 2026 · 5:21 AM
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Fireworks AI closes $1.5 billion Series D at a $17.5 billion valuation as enterprises flee frontier API pricing
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Fireworks AI closes $1.5 billion Series D at a $17.5 billion valuation as enterprises flee frontier API pricing
Fireworks AI closed a $1.505 billion Series D at a $17.5 billion valuation, nine months after a $4 billion Series C. The inference startup founded by ex-Meta PyTorch lead Lin Qiao has crossed $1 billion in annualized revenue, a fivefold jump year-over-year, and now processes 40 trillion tokens per day for customers including Cursor, Uber, and DoorDash.
Walter Schulze
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