Fireworks AI

Overview
News
Generative AI Infrastructure?
Product stageSegments
Minimum Viable Product
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Model development and training, Model deployment and integration
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Fireworks AI is an AI startup that helps companies fine-tune and deploy Gen AI models. The company offers a platform that enables developers to leverage open-source models for their applications. Fireworks AI's platform provides access to over 100 AI models, including language models like Llama 3, Mistral, and Gemma, as well as image-generation models such as Stable Diffusion 3 and Stable Diffusion XL. The company focuses on optimizing these models for speed and performance, with benchmarks showing up to 4x faster inference speeds and up to 8x higher throughput than alternative platforms.

The Fireworks AI platform offers a serverless API for accessing these models, which is compatible with the OpenAI API, making it easy to integrate with tools like LangChain and LlamaIndex. In addition to providing access to pre-trained models, Fireworks AI offers fine-tuning capabilities, allowing developers to customize models using their proprietary data. The platform includes a playground for interactive model experimentation, as well as a CLI tool for fine-tuning.

The company offers a pay-as-you-go pricing structure based on the number of tokens processed. Fireworks AI also provides on-demand deployments, where users can rent GPU instances (A100 or H100) on an hourly basis.

Key customers and partnerships

As of September 2024, notable customers, including DoorDash, Quora, Upwork, and startups like Cresta, Cursor, and Liner, used Fireworks AI.

Fireworks AI has established strategic partnerships with several companies to enhance its offerings. In May 2024, Fireworks AI partnered with MongoDB to combine Fireworks' optimized models with MongoDB's data management capabilities. The company also partnered with LangChain in October 2023 to integrate Fireworks AI models into the LangSmith playground, allowing users to experiment with open-source models without requiring an API key. Additionally, Fireworks AI is part of MongoDB's AI Application Program (MAAP), which provides developers with a comprehensive set of tools and services to build AI-powered applications.


HQ location:
Redwood City CA USA
Founded year:
2022
Employees:
11-50
IPO status:
Private
Total funding:
USD 77.0 mn
Last Funding:
USD 52.0 mn (Series B; Jul 2024)
Last valuation:
USD 552.0 mn (Jul 2024)
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