Fireworks AI
Hosts open models for app builders with a focus on fast responses, billed per token.
- Revenue
- Company says more than $1B annual recurring revenue (Jul 2026). Sacra estimates about $800M annualised by May 2026
- Value
- $17.5B post-money after a $1.5B Series D (Jul 2026). Earlier round was $4B (Oct 2025)
- Growth
- Sacra estimates annualised revenue rose from about $305M at end 2025 to about $800M by May 2026
- Listed
- Private
Fast hosting of open models with a simple per-token price is what app builders want.
The valuation has risen very fast, and it competes with Together AI, Baseten and the big clouds on price.
Money going out
Who Fireworks AI pays to do what it does.
No suppliers of Fireworks AI mapped yet.
Where it sits on the map
Competitors and neighbours
Designs the GPUs that train and run most big AI models, and the CUDA software they run on.
$89.0B data centre revenue in the quarter to July 2026 (fiscal Q2 2027), out of $96.2B total
Open profileMakes fast inference chips for running models, built around its own LPU design.
$3.5B in a 2026 round that followed its Nvidia licensing deal
Open profileMakes very large single-chip AI systems built for fast answers from models.
$510M in 2025, with $87.9M net income
Open profileGPU cloud that rents Nvidia systems to AI builders and to Microsoft.
About $760M annualised in 2025 (Sacra estimate)
Open profileHosts and fine-tunes open AI models on rented GPUs for companies.
About $1B annualised (Sacra estimate, Feb 2026)
Open profileRuns the main hub where open models, datasets and demos are shared.
Annualised revenue above $150M, from one unofficial report. The company does not disclose revenue
Open profilePay-as-you-go GPUs and sandboxes for training jobs, AI inference and coding agents.
About $300M annualised (CEO, 2026, reported)
Open profileLets developers run AI models through an API. Now part of Cloudflare, feeding its Workers AI platform.
Bought by Cloudflare for $57.4M cash consideration, completed 1 Dec 2025
Open profileRuns AI models in production for companies, handling the GPUs, scaling and speed so customers do not have to.
About $600M annualised run-rate, reported in mid 2026 (not audited)
Open profileSources: orrick.com, news.bgov.com
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