In a funding round led by Sequoia Capital, artificial intelligence startup Firework AI received a valuation of $552 million. Sequoia Capital, Nvidia, AMD, MongoDB and other investors have invested $52 million in Firework AI in this round, bringing the company's total cash to $77 million.
Fireworks AI's tools are designed to help businesses use generative artificial intelligence, allowing them to access over 100 models using their platform.