Account Executive, Fireworks AI
Sales
Generative AI platform enabling rapid scaling for developers and businesses
Open for applications
Generative AI platform enabling rapid scaling for developers and businesses
21-100 employees
Open for applications
21-100 employees
Company mission
To help every organization unleash the full power of artificial intelligence
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Company mission
To help every organization unleash the full power of artificial intelligence
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Our take
Whilst the development of generative AI is thought to be the reserve of large companies like Open AI, smaller startups such as Firework.AI are making this technology easier to access and develop for smaller companies wanting to handle specific business needs using AI. As an open-source model API, it has one of the largest user bases - with over 12,000 users leveraging Fireworks.AI’s software.
Though lacking the brand name recognition of generative AI developers like Google and Meta, Fireworks.AI differentiates itself in a market crowded with large competitors through its unique approach to deploying its software. It creates smaller, production-grade, customisable generative AI models that can be launched privately and securely, rather than the non-private and inflexible models built by larger companies.
After its 2024 Series B round of $52 million, Fireworks.AI has been valued at over $550 million, an impressive sum for a David in a sea of Goliaths. The company plans to use its funding to develop compound AI systems that can orchestrate across multiple single models. It will be interesting to see how the company evolves with its potentially disruptive business approach to generative AI.
Freddie
Company Specialist at Welcome to the Jungle
Funding (2 rounds)
Jul 2024
$52m
SERIES B
Mar 2024
$25m
SERIES A
Total funding: $77m
This company has top investors
Leadership
Lin Qiao
(CEO)Previously Senior Director of Engineering at Meta, Tech Lead at Linkedin, Research Staff Member at IBM Almaden Research Center and an Advisory Software Engineer at IBM Silicon Valley Lab.
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