Fireworks
Fireworks AI offers a generative AI platform for rapid iteration, recognized as the #1 Inference Provider on Hugging Face.
Secondary Market Price
Secondary Market Price
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Company Description
Fireworks AI operates as a generative AI platform-as-a-service, providing developers and businesses with the tools to rapidly build and scale products using large language models. The platform is engineered for fast product iteration and cost minimization, offering the necessary infrastructure for high-speed AI deployments. Founded in 2022 and based in Redwood City, CA, the company focuses on developer-centric tools and robust, scalable infrastructure to support real-world applications.
The company's recent momentum is marked by significant milestones, including a spot on the Forbes Cloud 100 list and becoming the #1 Inference Provider on Hugging Face. Fireworks AI has expanded its offerings with the launch of the Fireworks Build SDK for parallel fine-tuning experiments and the Eval Protocol, an open-source toolkit for model evaluation. The platform's real-world effectiveness is demonstrated in projects like the FedAI Savant, an interactive chat interface for exploring Federal Reserve policy. In a case study with Sentient Labs, the infrastructure supported multi-agent workflows that resulted in a 50% higher GPU return on investment and sub-two-second latency across 5.6 million queries with no downtime.
- Sequoia Capital
- Benchmark
- Nvidia
- MongoDB
- Co-Founder, CEO Lin Qiao
- Co-Founder, CTO Dmytro Dima Dzhulgakov
- Co-Founder, Chenyu Zhao
- Co-Founder, Dmytro Ivchenko
- Co-Founder, Benny Yufei Chen
- Co-Founder, James Reed
- Co-Founder, Pawel Garbacki
Peer Group Comparison
Vs Peer Group of >$4B Startups
How Fireworks measures Up
To help you manage your Fireworks equity, Prospect has run the company through our machine learning model.
Prospect Rating
TBD
We are still gathering data and evaluating Fireworks's rating. Check back soon for our rating on Fireworks's worth 4 years from now.
Exit Risk
TBD
We are still gathering data on Fireworks to train our machine learning model. Check back soon for our exit risk rating for Fireworks!
Funding Stage
Series B
Since Fireworks is at the Series B stage, it means they have a proven product and are focused on scaling up. This offers you a great balance of stability compared to a brand-new startup, with still plenty of opportunity to make a significant impact as the company grows.
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Fireworks worth joining?
Deciding to join a startup like Fireworks requires a careful look at its potential, especially the value of its equity compensation. Platforms like Prospect can help you evaluate the company's growth prospects and equity value by providing data and models used by top venture capitalists.
What should I do with my Fireworks stock?
Managing your startup stock involves making strategic decisions about when to exercise options or sell shares to maximize your post-tax earnings. You can use a service like Prospect to model different scenarios, optimize your tax strategy, and create a personalized plan for your equity.
Can you sell Fireworks stock?
If Fireworks is a private company, selling stock is typically possible through secondary markets or company-organized liquidity events, though there may be restrictions. Tools like Prospect can provide visibility into secondary market prices to help you understand your options and make informed decisions.
How can I find the value of my Fireworks stock?
For a private company like Fireworks, stock value is determined by its 409A valuation, recent funding rounds, and prices on secondary markets. You can use a platform like Prospect to access secondary market data and future price projections to get a clearer picture of your equity's potential worth.
What is Fireworks's equity worth?
The worth of equity in a startup like Fireworks depends on factors like its valuation, growth trajectory, investor quality, and overall market conditions. Prospect analyzes these data points to provide projections on what your equity could be worth, helping you understand its long-term potential.
What is Fireworks's stock ticker symbol?
As a private, pre-IPO company, Fireworks does not have a stock ticker symbol because its shares are not traded on a public stock exchange. You can track the progress and valuation of private companies on platforms such as Prospect before they eventually go public.
Can I buy or sell Fireworks stock?
Selling stock in a private company like Fireworks is often possible on secondary markets, while buying shares is typically restricted to accredited investors or employees exercising their options. While Prospect does not directly facilitate transactions, it provides tools to help existing shareholders optimize the timing and tax implications of selling their equity.
What is the criteria to buy or invest in Fireworks stock?
To invest in a private company like Fireworks, you generally need to be an employee exercising stock options or an accredited investor participating in a funding round or secondary market purchase. For employees, platforms like Prospect offer tools to analyze the ROI of exercising options and help decide the best time to invest.
