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2 days agoInference-focused AI startup scoops $254 M at $4 B valuation
Three-year-old startup Fireworks AI, which provides developers virtual access to advanced AI chips and optimises open-source models for inference, has raised $254 million in a Series C funding round, valuing it at about $4 billion. Led by Lightspeed Venture Partners, Index Ventures and Evantic, the raise comprised $230 million primary and $24 million secondary. With annual recurring revenue reported above $280 million and 115 employees, Fireworks will hire 150+ staff and acquire more GPUs. The move signals investors backing the shift from training to inference in AI deployment.
positive
2 days agoInference-focused AI startup scoops $254 M at $4 B valuation
Three-year-old startup Fireworks AI, which provides developers virtual access to advanced AI chips and optimises open-source models for inference, has raised $254 million in a Series C funding round, valuing it at about $4 billion. Led by Lightspeed Venture Partners, Index Ventures and Evantic, the raise comprised $230 million primary and $24 million secondary. With annual recurring revenue reported above $280 million and 115 employees, Fireworks will hire 150+ staff and acquire more GPUs. The move signals investors backing the shift from training to inference in AI deployment.
positive
Inference-focused AI startup scoops $254 M at $4 B valuation
2 days ago
1 min read
88 words
Fireworks AI raised $254 M at a $4 B valuation to scale infrastructure and model inference tooling, marking investor focus shift from training to operational AI.
Three-year-old startup Fireworks AI, which provides developers virtual access to advanced AI chips and optimises open-source models for inference, has raised $254 million in a Series C funding round, valuing it at about $4 billion. Led by Lightspeed Venture Partners, Index Ventures and Evantic, the raise comprised $230 million primary and $24 million secondary. With annual recurring revenue reported above $280 million and 115 employees, Fireworks will hire 150+ staff and acquire more GPUs. The move signals investors backing the shift from training to inference in AI deployment.
Three-year-old startup Fireworks AI, which provides developers virtual access to advanced AI chips and optimises open-source models for inference, has raised $254 million in a Series C funding round, valuing it at about $4 billion. Led by Lightspeed Venture Partners, Index Ventures and Evantic, the raise comprised $230 million primary and $24 million secondary. With annual recurring revenue reported above $280 million and 115 employees, Fireworks will hire 150+ staff and acquire more GPUs. The move signals investors backing the shift from training to inference in AI deployment.
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ai
startups
ai
startups
funding
inference
models
Oct 28, 2025 • 13:56 IST