Fireworks AI is a generative AI company which offers a platform for running, fine-tuning, and deploying AI models to developers and enterprises. Fireworks AI’s platform is designed to optimize the deployment of large language and image models, providing high-performance infrastructure that reduces latency and enhances scalability. The company aims to help organizations leverage AI models for tasks like text generation, image synthesis, and data processing efficiently at scale. This company was founded by Lin Qiao, Dmytro Dzhulgakov, Dmytro Ivchenko, and Chenyu Zhao in 2022 and is headquartered in Redwood City, CA.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
07/11/2024 | Series B | $52MM | $xx.xx | $552.33MM | Sequoia Capital, NVIDIA, Advanced Micro Devices, MongoDB Ventures, Benchmark, Databricks Ventures, Frank Slootman, Sheryl Sandberg, Howie Liu, Alexandr Wang | |
Price per Share
$xx.xx
Shares Outstanding
1,655,745
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Sequoia Capital, NVIDIA, Advanced Micro Devices, MongoDB Ventures, Benchmark, Databricks Ventures, Frank Slootman, Sheryl Sandberg, Howie Liu, Alexandr Wang
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03/26/2024 | Series A | $25.29MM | $xx.xx | $63.24MM | Benchmark, Sequoia Capital, Databricks Ventures, Frank Slootman, Alexandr Wang, Artisanal Ventures, Sheryl Sandberg, Howie Liu | |
Price per Share
$xx.xx
Shares Outstanding
3,214,100
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Benchmark, Sequoia Capital, Databricks Ventures, Frank Slootman, Alexandr Wang, Artisanal Ventures, Sheryl Sandberg, Howie Liu
|