---
title: "NVIDIA-backed Fireworks Valued at $175 Billion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292930771.md"
description: "Fireworks, a company backed by NVIDIA, announced the completion of a $1.5 billion financing round, bringing its post-money valuation to $175 billion. The company's annualized revenue has surpassed $1 billion, representing a five-fold year-over-year increase. CEO Qiao Lin stated that as enterprises shift toward open-source models, the customer base has diversified, no longer relying on the code development tool Cursor for more than half of its revenue"
datetime: "2026-07-16T16:22:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292930771.md)
  - [en](https://longbridge.com/en/news/292930771.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292930771.md)
generator: "portal-rs"
---

# NVIDIA-backed Fireworks Valued at $175 Billion

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.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**