On Thursday, Fireworks, an NVIDIA-backed enterprise, announced that its annualized revenue has surpassed $1 billion, five times the level of the same period last year. The company recently completed a $1.5 billion financing round, achieving a post-money valuation of $175 billion. CEO Qiao Lin revealed that previously, the code development startup Cursor contributed more than half of its revenue; now, as more enterprises shift toward open-source models, the company's customer structure has become diversified.
