Fireworks official blog (Jul 15, 2026):
- 17.5B valuation
- Led by Atreides Management, Index Ventures, TCV; Nvidia, Evantic, Lightspeed, Bessemer, Menlo, others
- Claims >$1B annualized revenue run rate; >40T tokens/day
-
95% tokens from specialized/custom models on proprietary data
- Thesis: specialized intelligence vs renting general frontier APIs
- Mentions Cursor coding models and Harvey legal AI as customer examples