Fireworks Raises a $1.5 Billion Series D to Lead the Specialized Intelligence Revolution

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  "company": {
    "name": "Fireworks AI",
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    "url": "https://finance.yahoo.com/technology/ai/articles/fireworks-raises-1-5-billion-130000636.html",
    "title": "Fireworks Raises a $1.5 Billion Series D to Lead the Specialized Intelligence Revolution - Yahoo Finance",
    "excerpt": "Atreides Management, Index Ventures, and TCV led the round at a $17.5 billion valuation Fireworks hits $1b ARR as enterprises increasingly build specialized intelligence on open models Fireworks' growth accelerates as companies look beyond expensive closed models from frontier labs and move to building specialized AI that can better reflect the knowledge, workflows, and customer context unique to their businesses SAN MATEO, Calif., July 16, 2026 --( BUSINESS WIRE )-- Fireworks , the platform for specialized intelligence, enabling companies like Uber and Shopify to train and serve custom models, today announced a $1.505 billion Series D round at a $17.5 billion valuation. The round was led by Atreides Management, Index Ventures, and TCV, with participation from existing investors Evantic, Lightspeed Venture Partners, and NVIDIA. The funding comes as Fireworks surpasses $1 billion in annualized revenue run rate, up 5x year-over-year from its last funding round. Over the same period, the company nearly tripled the daily volume of tokens served on its platform, from 15 trillion to more than 40 trillion. The company's growth reflects how AI strategies are maturing as companies increasingly complement frontier closed models with open models customized for their own data, workflows, and use cases. \"There are two paths forward for AI. In one, intelligence belongs to a few big labs...",
    "summary": "Fireworks, a platform for specialized intelligence, raised a $1.505 billion Series D funding round at a $17.5 billion valuation.",
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  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"fireworks.ai","limit":20}'