Fal reportedly in funding talks at a valuation of $15 billion or more; Fireworks AI could target $30 billion
The Information reports Fal's annualized revenue doubled since March to $800 million, while Fireworks AI hit a $1 billion annualized revenue pace by July.
TLDR
The Information reports Fal's annualized revenue doubled since March to $800 million, fueling talks for a new funding round at a valuation of $15 billion or more. It says Fireworks AI hit a $1 billion annualized revenue pace by July and could target a $30 billion valuation in a potential round.
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