Fireworks AI ARR Hit $280M

Fireworks AI is an enterprise-focused AI inference and model-deployment platform that enables developers and companies to run, fine-tune, and scale open-source large language and multimodal models with high speed, low cost, and data sovereignty. 

The company’s offering addresses the critical pain-point of model operationalization: instead of building from scratch or relying only on “mega-models” from large providers, Fireworks AI provides production-grade infrastructure, customizable models, and fast inference stacks for enterprises that need performance and control.

Fireworks AI reported a year-over-year growth rate of roughly 20× and is now at $280M Annual Revenue.  The company raised around $250 million in funding up to its Series C round (co-led by Lightspeed Venture Partners, Index Ventures, and Evantic) and was valued at approximately $4 billion.