Fireworks AI raises $1.505 billion Series D at a $17.5 billion valuation as enterprise AI inference demand surges

Fireworks AI, a platform enabling companies like Uber and Shopify to train and serve custom AI models, announced a $1.505 billion Series D round at a $17.5 billion valuation on July 16, 2026, according to the official Business Wire release. The raise is one of the largest single venture rounds of the year for an ... Read more