Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Sacra estimates that Fireworks AI hit $800M in annualized revenue in May 2026, up from about $305M at the end of 2025.</li><li>Fireworks AI raised a $1.505B Series D in July 2026 at a $17.5B post-money valuation.</li><li>The customer base grew from roughly 1,000 companies at the time of the Series B to more than 10,000 companies by October 2025.</li></ul>

Sacra estimates that Fireworks AI hit $800M in annualized revenue in May 2026, up from about $305M at the end of 2025.Fireworks AI raised a $1.505B Series D in July 2026 at a $17.5B post-money valuation.The customer base grew from roughly 1,000 companies at the time of the Series B to more than 10,000 companies by October 2025.

<ul><li>Sacra estimates that OpenRouter hit $160M in annualized revenue in August 2026, up from $50M at the end of 2025.</li><li>Stripe has agreed to acquire OpenRouter for more than $7 billion, according to people familiar with the matter, just months after the company raised funding at a reported $1.3 billion valuation.</li><li>OpenRouter is a universal API that provides developers access to 400+ different large language models from providers like OpenAI, Anthropic, Google, and 60+ other labs through a single endpoint.</li></ul>

Sacra estimates that OpenRouter hit $160M in annualized revenue in August 2026, up from $50M at the end of 2025.Stripe has agreed to acquire OpenRouter for more than $7 billion, according to people familiar with the matter, just months after the company raised funding at a reported $1.3 billion valuation.OpenRouter is a universal API that provides developers access to 400+ different large language models from providers like OpenAI, Anthropic, Google, and 60+ other labs through a single endpoint.

<ul><li>Fireworks AI gave Hebbia access to state-of-the-art open models with OpenAI-style endpoints, enabling rapid deployment of buzzy models like DeepSeek without special integrations.</li><li>Hebbia's inference patterns included high-concurrency chat products for analysts, token-heavy batch document processing, and model choice flexibility—all requiring different latency profiles that benefited from Fireworks' throughput guarantees and observability tooling.</li><li>Model optionality became a key differentiator in Hebbia's enterprise sales, with Fireworks enabling them to offer both closed and open models while addressing security concerns about data retention—positioning them against competitors limited to just OpenAI and Anthropic.</li></ul>

Fireworks AI gave Hebbia access to state-of-the-art open models with OpenAI-style endpoints, enabling rapid deployment of buzzy models like DeepSeek without special integrations.Hebbia's inference patterns included high-concurrency chat products for analysts, token-heavy batch document processing, and model choice flexibility—all requiring different latency profiles that benefited from Fireworks' throughput guarantees and observability tooling.Model optionality became a key differentiator in Hebbia's enterprise sales, with Fireworks enabling them to offer both closed and open models while addressing security concerns about data retention—positioning them against competitors limited to just OpenAI and Anthropic.

Fireworks AI Customer At Hebbia On Serving state-of-the-art Models With Unified APIs

<ul><li>We spoke with a customer from a robotics company who uses Voltage Park alongside their own GPU infrastructure for quantum mechanics and density functional theory workloads.</li><li>The conversation explores how they evaluate GPU cloud providers primarily on price and reliability, with insights on why specialized providers often outperform hyperscalers for GPU availability despite minimal differentiation in the market.</li><li>A misconception that comes up a lot is that you do not need the newest and greatest all the time.</li></ul>

We spoke with a customer from a robotics company who uses Voltage Park alongside their own GPU infrastructure for quantum mechanics and density functional theory workloads.The conversation explores how they evaluate GPU cloud providers primarily on price and reliability, with insights on why specialized providers often outperform hyperscalers for GPU availability despite minimal differentiation in the market.A misconception that comes up a lot is that you do not need the newest and greatest all the time.

Voltage Park Customer At Robotics Company On GPU Pricing And Robotics Computing Needs

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Platform enabling developers to build, fine-tune, and deploy generative AI models efficiently

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Fireworks AI (AI US)

Primer: Fireworks AI - 16 Jul 2026

Cloud platform for running, tuning, and scaling open-source large language, vision, and multimodal models with low-latency inference

Sacra

Primer: OpenRouter - 26 Aug 2026

Platform providing a unified API for developers to access and integrate over 400 large language models from various providers

Sacra

Fireworks AI Customer At Hebbia On Serving state-of-the-art Models With Unified APIs

At Hebia, what Fireworks AI features did you actually use? For example, serverless endpoints or fine tuning? And what did your typical inference...

Sacra

Voltage Park Customer At Robotics Company On GPU Pricing And Robotics Computing Needs

Can you tell me which GPU providers you primarily work with today...

Sacra

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