Fireworks AI raises $1.505 billion and reaches a valuation of $17.5 billion
The specialised inference platform has surpassed $1 billion in annualised revenue and processes more than 40,000 billion tokens a day.
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The specialised inference platform has surpassed $1 billion in annualised revenue and processes more than 40,000 billion tokens a day.
Led by Aramco Ventures, the Series C funding round is intended to finance infrastructure capacity that the company aims to increase fifty-fold over five years, driven by demand for inference on open models.
A weekly round-up of fundraising in the AI ecosystem, ranging from mega-rounds for infrastructure to smaller bets on vertical applications.
SpaceX has confirmed the acquisition of Anysphere, the company behind the AI-assisted programming tool Cursor, in the largest startup buyout ever, funded entirely in shares.
Anthropic is said to have surpassed OpenAI in annualized revenue, with 70% of Fortune 100 companies already customers of Claude.
Technology services giant Cognizant integrates Claude into its own platforms and becomes a Global Premier Partner in Anthropic's partner network.
The Dutch group ASML is committed to investing €1.3 billion in Mistral AI's latest fundraising, bringing its valuation to €11.7 billion.