---
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id: "30a7151dcfd1f0311a9f5f40dbe9cc1df38d4f1faa6820b889385f17806e9c34"
canonical_url: "https://aidr.today/30a7151d?lang=en"
title: "Fireworks AI Targets $30B Value on $1B Revenue Pace"
lang: "en"
requested_lang: "en"
available_langs: ["en","vi"]
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published_at: "2026-09-29T18:23:58.000Z"
category: "Funding"
topics: ["funding"]
source_urls: ["https://marketbrief.now/startups/update-fireworks-ai-targets-30b-value-on-1b-revenue-pace-9739fdff","https://huggingnews.com/startups/update-fireworks-ai-targets-30b-value-on-1b-revenue-pace-9739fdff"]
summary: "Daily token volume exceeding 40 trillion is driving a surge in funding discussions for Fireworks AI. The startup has reached an annualized revenue pace of $1 billion and is targeting a $30 billion valuation, The Information reports. Similarly, Fal is negotiating a new capital raise at a valuation of $15 billion or more, supported by annualized revenues of $800 million that have doubled since March. A $30 billion valuation would add $12.5 billion to the market value of Fireworks AI since it raised $1.5 billion at a $17.5 billion valuation in July. Both companies provide the inference infrastructure required to serve open AI models, though neither firm has finalized the terms of its new funding round."
---

# Fireworks AI Targets $30B Value on $1B Revenue Pace

> [Open the canonical story](<https://aidr.today/30a7151d?lang=en>)

**Published:** 2026-09-29T18:23:58.000Z
**Category:** Funding
**Topics:** funding

## Summary

Daily token volume exceeding 40 trillion is driving a surge in funding discussions for Fireworks AI\. The startup has reached an annualized revenue pace of $1 billion and is targeting a $30 billion valuation, The Information reports\. Similarly, Fal is negotiating a new capital raise at a valuation of $15 billion or more, supported by annualized revenues of $800 million that have doubled since March\. A $30 billion valuation would add $12\.5 billion to the market value of Fireworks AI since it raised $1\.5 billion at a $17\.5 billion valuation in July\. Both companies provide the inference infrastructure required to serve open AI models, though neither firm has finalized the terms of its new funding round\.

## Sources

- [Story source](<https://marketbrief.now/startups/update-fireworks-ai-targets-30b-value-on-1b-revenue-pace-9739fdff>)
- [Story source](<https://huggingnews.com/startups/update-fireworks-ai-targets-30b-value-on-1b-revenue-pace-9739fdff>)