Fireworks AI revenue and valuation
Specter estimates Fireworks AI's annual revenue at $740M to $1.48B and its valuation at $15.1B to $20.9B. The company last reported $1B ARR in July 2026 and was priced at $17.5B in July 2026.
- Estimated revenue
- $740M–$1.48B
- Estimated valuation
- $15.1B–$20.9B
- Reported ARR
- $1B
- Total funding
- $1.83B
- Founded
- 2022
- Headquarters
- San Mateo, United States
- Employees
- 408
Fireworks AI revenue
Fireworks AI grew from $130M ARR in December 2024 to $1B in July 2026. Specter's model puts current ARR between $740M and $1.48B, anchored to three reported figures.
Monthly data
| Month | Specter estimate | Low | High | Reported ARR |
|---|---|---|---|---|
| $1.04B | $740M | $1.48B | ||
| $1.1B | $810M | $1.48B | ||
| $1.02B | $800M | $1.29B | ||
| $1B | $830M | $1.2B | $1B | |
| $890M | $710M | $1.13B | ||
| $800M | $670M | $960M | $800M | |
| $720M | $360M | $1.43B | ||
| $650M | $330M | $1.27B | ||
| $580M | $310M | $1.1B | ||
| $520M | $240M | $1.15B | ||
| $470M | $220M | $1.01B | ||
| $420M | $210M | $850M | ||
| $380M | $210M | $680M | ||
| $340M | $200M | $570M | ||
| $310M | $184M | $510M | ||
| $270M | $178M | $420M | ||
| $250M | $155M | $390M | ||
| $220M | $148M | $330M | ||
| $199M | $135M | $290M | ||
| $179M | $134M | $240M | ||
| $161M | $125M | $210M | ||
| $145M | $116M | $180M | ||
| $130M | $108M | $156M | $130M | |
| $18M | $8.2M | $28M | ||
| $19M | $7.8M | $29M | ||
| $19M | $9.8M | $27M | ||
| $19M | $8.2M | $31M | ||
| $17M | $8.8M | $25M | ||
| $17M | $4.9M | $30M |
| Date | Reported ARR | Source |
|---|---|---|
| $1B | ||
| $800M | ||
| $130M |
Fireworks AI valuation
Fireworks AI's valuation rose from $552M at its Series B in July 2024 to $17.5B at its Series D in July 2026. Specter's live estimate sits between $15.1B and $20.9B.
Monthly data
| Month | Specter estimate | Low | High | Reported valuation |
|---|---|---|---|---|
| $17.8B | $15.1B | $20.9B | ||
| $18.1B | $14.8B | $22.2B | ||
| $18.1B | $14.9B | $22B | ||
| $17.5B | $14.6B | $21B | $17.5B (round) | |
| $17.5B | $14.6B | $21B | $17.5B (press) | |
| $13B | $9.9B | $17.1B | ||
| $9.7B | $7.42B | $12.7B | ||
| $7.22B | $5.63B | $9.26B | ||
| $5.37B | $4.32B | $6.69B | ||
| $4B | $3.33B | $4.81B | $4B (press) | |
| $4B | $3.33B | $4.81B | $4B (press) | |
| $4B | $3.33B | $4.81B | $4B (press) | |
| $4B | $3.33B | $4.81B | $4B (round) | |
| $3.51B | $1.3B | $9.46B | ||
| $3.07B | $1.11B | $8.46B | ||
| $2.69B | $990M | $7.3B | ||
| $2.36B | $1.1B | $5.06B | ||
| $2.07B | $990M | $4.32B | ||
| $1.81B | $890M | $3.67B | ||
| $1.59B | $860M | $2.94B | ||
| $1.39B | $830M | $2.34B | ||
| $1.22B | $750M | $1.97B | ||
| $1.07B | $660M | $1.73B | ||
| $940M | $650M | $1.34B | ||
| $820M | $600M | $1.13B | ||
| $720M | $550M | $930M | ||
| $630M | $510M | $780M | ||
| $550M | $460M | $660M | $552M (round) | |
| $260M | $230M | $450M |
Fireworks AI funding rounds
| Date | Round | Raised | Post-money valuation | Lead investors |
|---|---|---|---|---|
| Series D | $1.5B | $17.5B | Atreides Management, TCV, Index Ventures | |
| Series C | $230M | $4B | Lightspeed Venture Partners, Index Ventures, Evantic Capital | |
| Secondary | $20M | $4B | Lightspeed Venture Partners, Index Ventures, Evantic Capital | |
| Series B | $52M | $552M | Sequoia Capital | |
| Series A | $25M | Undisclosed | Benchmark | |
| Pre-Seed | Undisclosed | Undisclosed | Undisclosed |
Fireworks AI competitors
The production AI infrastructure market pits rapid serverless deployment against high-performance inference optimization.
| Company | Revenue | Valuation |
|---|---|---|
| $740M–$1.48B | $15.1B–$20.9B | |
| $990M–$2.03B | $7.42B–$10.6B | |
| $67M–$106M | $980M–$2.22B | |
| $76M–$181M | $1.23B–$4.67B | |
| $61M–$155M | $1.32B–$2.04B |
Fireworks AI revenue and valuation FAQ
What is Fireworks AI's revenue?
Specter estimates Fireworks AI's annual recurring revenue at $740M to $1.48B as of October 2026. Fireworks AI last reported $1B ARR in July 2026, up from $130M in December 2024.
What is Fireworks AI's valuation?
Fireworks AI's latest post-money valuation is $17.5B, from a July 2026 Series D. Specter's live estimate is $15.1B to $20.9B.
What is Fireworks AI's revenue multiple?
Fireworks AI is valued at about 17.5× ARR, based on its $17.5B July 2026 valuation and $1B last reported ARR. That works out to roughly $2.45M of ARR per employee.
How much funding has Fireworks AI raised?
$1.83B across six rounds, from a Pre-Seed in December 2022 to a $1.5B Series D in July 2026.
Who invested in Fireworks AI?
26 investors, including Atreides Management, Evantic Capital, Index Ventures, Lightspeed Venture Partners, Sequoia Capital and TCV.
Who are Fireworks AI's competitors?
Together AI, DeepInfra, Hugging Face and Modular. Specter ranks 28 competitors for Fireworks AI.