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Nvidia-backed Fireworks AI raised $1.5 billion at a $17.5 billion post-money valuation; annualized revenue surpassed $1 billion.
Fireworks' $1B+ annualized revenue with $17.5B valuation validates open-model inference platforms as standalone hyperscaler-competitive businesses.
Trade pressSlicast · July 16, 2026 at 16:20 UTC · China · Source: 36氪
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