Fireworks AI Raises $250 Million Series C at $4 Billion Valuation

Fireworks AI, an AI inference cloud and infrastructure platform enabling enterprises to build generative AI capabilities at scale, has raised $250 million in a Series C financing at a $4 billion post-money valuation.

The round was led by Lightspeed Venture Partners, Index Ventures, and Evantic, with participation from existing investor Sequoia Capital, and brings Fireworks' total funding to $327 million.

Orrick advised Fireworks AI and has represented the company since its formation.

THE COMPANY

Fireworks AI offers a generative AI platform-as-a-service (PaaS), giving teams access to hundreds of leading open-source AI models and fine-tuning tools to build, deploy, and scale AI applications on their own terms. As customers engage with these applications, new data continuously improves performance.

THE IMPACT

The new funding will accelerate Fireworks' global expansion and investment in advanced algorithms, infrastructure, developer toolchains, and hiring across engineering, product, and go-to-market roles.

THE TEAM

The Orrick team was led by Anik Guha, Pia Baci, Vinny Mei, Kyle Shimomura, and Joseph Sekigahama, with support from Tim Greene, Kristen Salas Mationg, and Blake Ilstrup.

LEARN MORE

• Fireworks AI news release

• Coverage in The Wall Street Journal

• Read More Orrick Client Results