Fireworks AI, a GenAI inference platform provider based in Redwood City, has secured $52 million in Series B funding. According to the company, this brings their total funding to $77 million and values the company at $552 million.
The investment round was led by Sequoia Capital, known for its investments in Statsig and Iconic AI, with participation from NVIDIA, AMD, and MongoDB. Previous investors include Benchmark, Databricks Ventures, former Snowflake CEO Frank Slootman, former Meta COO Sheryl Sandberg, Airtable CEO Howie Liu, Scale AI CEO Alexandr Wang, and executives from LinkedIn, Confluent, Meta, and 1Password.
Find out more here: https://techfundingnews.com/nvidia-sequoia-invest-in-genai-startup-fireworks-ais-52m-round/