Fireworks AI Stock Price, Valuation & IPO
Private company — Fireworks AI is privately held. Its shares are not listed on any public exchange and can only be accessed through private secondary transactions.
Status source: AXEVIL investment team
$61.65 per share (AXEVIL consensus estimate)
Source: AXEVIL consensus of recent secondary transactions · as of 15 July 2026
Last round valuation: $16B
Source: D, July 2026, post-money
Total raised: ~$1.8B
Data last updated: 20 October 2026
About Fireworks AI
American platform for running AI models fast and cheaply in production, founded by a former Meta PyTorch lead, Lin Qiao. In October 2025 the company raised $250M at a $4B valuation led by Lightspeed and Index Ventures with Sequoia participating. Annual revenue reached about $315M, growing roughly 416%.
Fireworks AI is an American platform for launching and fine-tuning open AI models, founded in 2022 in Redwood City, CEO Lin Qiao. Customers — Cursor, Notion, Uber, and Harvey — launch their own models on it: for Notion, fine-tuning on the platform reduced response time from 2 seconds to 350 ms. Through the Training API, companies build specialized models that outperform original ones on their specific tasks: for Harvey, the legal model Tenet solves 19.7% of industry test tasks compared to 10.8% for the base model, and for Vercel, the share of error-free code generations increased to 93%. Annual revenue exceeded $1 billion. Series D led by Atreides, Index, and TCV was completed at a valuation of $17.5 billion, with a total of approximately $1.8 billion raised.
- Sector: Artificial Intelligence
- Headquarters: Redwood City, USA
- Founded: 2022
Key highlights
- Harvey: twice as many solved tasks. The legal platform fine-tuned its first model Tenet on Fireworks, based on the open Kimi K3. Tenet solves 19.7% of tasks in the legal agent test compared to 10.8% for the original model, and the cost per task almost did not change.
- Genspark: presentations 90% cheaper. Together with Fireworks Lab, the service trained the Gen-1 Slides model, which assembles entire presentations. According to Genspark's estimates, the quality is on par with a closed model, and a finished presentation costs approximately 90% less.
- Vercel: 93% error-free code. The v0 service from Vercel writes websites and applications from a text description. Through the Training API, the company fine-tuned a model that corrects code in it: the share of error-free generations increased to 93%, and the full response cycle accelerated by 40 times.
Funding rounds
| Date | Round | Price / share | Post-money valuation |
|---|---|---|---|
| 15 July 2026 | D | $61.65 | $16B |
| 28 October 2025 | C | $19.92 | $4B |
| 11 July 2024 | B | $3.14 | $552M |
| 26 March 2024 | A | $0.79 | $127M |
Latest news
Frequently asked questions
How can I buy Fireworks AI stock before the IPO?
Not on a public exchange — Fireworks AI is privately held. Shares change hands only in private secondary transactions. AXEVIL structures those as dedicated US special purpose vehicles for accredited investors, subject to availability and to the rules of your jurisdiction.
What is the Fireworks AI stock price?
A private company has no single official share price. AXEVIL's consensus estimate is $61.65 per share as of 15 July 2026. Its most recent round implied a post-money valuation of $16B (July 2026).
What is Fireworks AI's valuation (net worth)?
Fireworks AI's most recent funding round valued the company at $16B post-money (July 2026) — the latest primary-market measure of what the company is worth. Secondary trades can price its shares above or below that round.
When will Fireworks AI IPO?
No listing has been announced. AXEVIL does not forecast IPO dates — this page states what has actually been filed or reported, with the date it was last checked.
Is Fireworks AI publicly traded?
No. Fireworks AI is a private company and its shares are not listed on any public exchange.
Does Fireworks AI have a stock symbol?
No. Fireworks AI has no ticker symbol because its shares are not listed on any exchange; a symbol is assigned only at an IPO or direct listing.
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Risk disclosure
Nothing on this page is an offer to sell or a solicitation to buy any security, and it is not investment advice. Valuations and share prices shown here are AXEVIL estimates built from primary sources — filings, announced rounds and completed secondary transactions — not quoted market prices, and they can be revised. Private-company shares are illiquid, may be impossible to sell, and the entire amount invested can be lost. Availability depends on your jurisdiction and on accredited-investor status.