Cerebras Systems Raises $1.1B Series G at $8.1B Valuation
7 hours ago
- #Technology
- #AI
- #Funding
- Cerebras Systems raises $1.1 billion in Series G funding at an $8.1 billion valuation.
- Investment led by Fidelity Management & Research Company and Atreides Management, with participation from Tiger Global, Valor Equity Partners, and others.
- Funds will be used to expand AI processor design, manufacturing, and data center capacity.
- Cerebras holds the performance crown for AI inference, being 20X faster than Nvidia GPUs.
- Major clients include AWS, Meta, IBM, and government entities like the US Department of Defense.
- Cerebras is the #1 inference provider on Hugging Face with over 5 million monthly requests.
- Citigroup and Barclays Capital acted as joint placement agents for the funding round.