I'm very excited to share that Fireworks AI has raised $52M in Series B funding led by Sequoia Capital!
This round propels our mission to enhance our inference platform and lead the shift to compound AI systems. Huge thanks to our investors NVIDIA, AMD, MongoDB, Benchmark , Sheryl Sandberg, Frank Slootman, Databricks, Alexandr Wang, Howie Liu, Sajith Wickramasekara and Clem Delangue from Angel, Series A, and Series B rounds.
Fireworks today offers ultra fast and cost efficient inference engine that tens of thousands of developers use to access the latest models to build creative products, new experiences, and productivity tools.
We will use the new funding to enhance our inference engine and expand our ecosystem to the best and newest hardware from Nvidia and AMD and deeper integration with databases from MongoDB and others. Our platform enhancements include the latest models, advanced customization options, and improved enterprise features. These advancements make it easier and faster for businesses to customize models and build AI applications without needing an army of ML engineers or scientists.
Also, we will accelerate the shift to compound AI systems. On top of our inference platform, we have built the system for decomposing a complex business task to multiple steps accessing multiple models across many modalities (text, audio, image and more), retrievers, and external tools. We will continue to expand these capabilities. This positions Fireworks AI as the go-to solution for developers and enterprises building new disruptive products and experiences faster.
For more details on our latest funding round and future plans, read our full blog post: https://lnkd.in/eSEdFgQ6.