Together AI vs Fireworks AI

Side-by-side comparison of model-estimated upside.

Together AI

+51%

est. 2Y upside i

AI & MLDevOps & InfraSeries C

Rank

#1092

Sector

AI Infrastructure, Developer Tools

Est. Liquidity

~4Y

Data Quality

Data: High

Together AI is one of the strongest growth stories in AI infrastructure — $1B ARR, 233% YoY, profitable — but at $8.5B (8.5x ARR), most near-term momentum is already priced in.

Last updated: May 5, 2026

Fireworks AI

+465%

est. 2Y upside i

AI & MLSeries D+

Rank

#9

Sector

AI Infrastructure

Est. Liquidity

~3Y

Data Quality

Data: High

This is an attractive equity package on paper: even a bear-case 6x revenue exit on $13B ARR yields ~346% upside, and the base case is ~791%, driven by 400% YoY growth and a fresh $1.5B Series D.

Last updated: August 21, 2026

Note: These companies have different risk levels. Together AI (Moderate Risk) and Fireworks AI (Higher Risk). A higher expected upside in a higher-risk company comes with greater uncertainty. Compare within the same risk tier for more meaningful evaluation.

Upside Comparison

Expected Upside

Together AI
+51%
Fireworks AI
+465%

Disclaimer: These rankings are AI-generated estimates and do not constitute financial or career advice. Always conduct your own due diligence.