🇺🇸Inference provider Fireworks AI completed an employee share sale at a $17.5 billion valuation, distinct from potential new fundraising.

Fireworks AI said it completed an employee share sale at a $17.5 billion valuation. The supplied report identifies the lead investor as Atreides Capital (阿特莱德斯资本) and says the valuation matched the company’s previous financing announced in July.

That completed transaction is separate from a possible new fundraising round. A person cited in the report said Fireworks was considering another round at a potential $30 billion valuation, but the source does not describe that round as agreed or closed.

The same report describes fundraising discussions at several other inference providers. Fal, which supplies inference for image and video models including Google’s Nano Banana, reportedly discussed a $15 billion target valuation; another source said its early-stage discussions could involve a $17 billion–$20 billion target instead.

Baseten and Modal were also reportedly discussing new financing, at approximately $26 billion and $15 billion valuations respectively. Modal’s figure was described as roughly three times its valuation four months earlier, but none of these peer discussions establishes completed funding, and the Fireworks employee-sale proceeds, share count, and ownership changes were not provided.