Announcing our Series D and $1B ARR

What happened

Fireworks AI closed a $1.505B Series D at a $17.5B valuation, led by Atreides Management, Index Ventures, TCV, and Nvidia.

Context and impact

Fireworks AI positioned itself as a specialized intelligence platform — over 95% of its 40 trillion daily tokens come from customer-specialized models, not generic API calls. ARR grew 5x year-over-year.

Details

• Valuation: $17.5B
• Round: Series D, $1.505B total
• Investors: Atreides Management, Index Ventures, TCV, Nvidia
• Daily volume: 40 trillion tokens, 95%+ customer-specialized
• ARR: >$1B, 5x YoY growth
• Plans: expand compute capacity, deepen Microsoft and Nvidia partnerships