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The Late Stage 50 · 2026 edition · #21 of 50

Fireworks AI

Fireworks provides a training and inference platform that turns open models into specialized models for customers.

US$1.0bn+Run-rate · Jul 2026
—growth not disclosed
#21rank by disclosed revenue

The figure

Revenue
more than $1 billion
Run-rate · Jul 20261Fireworks AI · 15 July 2026
In US dollars
US$1.0bn+
as stated
Standing
stated
Company stated
Published
15 July 2026
accessed 17 Oct 2026
Evidence
“Fireworks surpasses $1 billion in annualized revenue run rate” — as read on the source page1Fireworks AI · 15 July 2026
Prior year
more than $280 million
Run-rate · Oct 20252Fireworks AI · 28 Oct 2025
Growth
—
no comparable year-on-year figure: rates over periods shorter than a year, or built on floors or approximations, are not shown

Context

Sector
AI models & infrastructure
AI inference platform
IA40 2026
Enabler · #12
first appearance, 20263IA40 · 19 Oct 2026
Valuation
US$17.5bn
Series D $1.505B · July 2026 · as reported, not part of the ranking1Fireworks AI
Status
Private as of 17 October 2026
Blog listing and sitemap opened; no IPO or acquisition of Fireworks seen (it acquired Hathora).4status check · 17 Oct 2026

Market context

Last round · Forge
Series D (07/15/2026): $61.65 per share, $15.54B post-money valuation, $1.51B raised
Clarity Price
$133.41 per share
6M return +141.25%6Clarity (formerly Hiive)
Last round · Clarity
Series D (July 2026): $17.5B post-money, $61.65 per share, $1.5B raised

Secondary-market indications are published by Forge Global and Clarity (formerly Hiive) on the dates shown; ratings and margins marked “estimate” are a third party's estimates as reported by the named outlet. None is an offer, and none is part of the ranking.

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References

Every figure on this page, by source.

  1. 1Fireworks AI · 15 July 2026fireworks.ai/blog/series-d-announcement
  2. 2Fireworks AI · 28 Oct 2025fireworks.ai/blog/series-c
  3. 3IA40 · 19 Oct 2026www.ia40.com/the-list/
  4. 4status check · 17 Oct 2026fireworks.ai/blog
  5. 5Forge Global · 20 Aug 2026forgeglobal.com/fireworks-ai_stock/
  6. 6Clarity (formerly Hiive)www.clarity.com/browse-companies/fireworks-ai-stock

Every link was opened on 17 October 2026 and the figure read on the page. Secondary-market indications, where shown, are provided by Forge Global and Clarity (formerly Hiive), are not offers, and play no part in the ranking.