Total amount raised
$715 Million
Latest funding date
7/1/2023
Location
Cerebras Systems has successfully raised funding over 10 rounds, with the latest being a Secondary Market round. The company is backed by 25 investors, including Irving Investors and Tiger Global Management.
Keep reading to explore the intricacies of Cerebras Systems' fundraising journey and the investors backing this innovative platform.
What Is Cerebras Systems?
Cerebras Systems, based in Sunnyvale, California, specializes in AI infrastructure and computing systems. The company operates in various industries, including AI, computer hardware, and semiconductors. With a workforce of 501-1000 employees, Cerebras is known for its innovative AI solutions.
The company offers products like the Cerebras Wafer-Scale Engine, designed for high-speed AI inference and deep learning applications. Cerebras collaborates with leading organizations to enhance AI capabilities, making it a preferred choice for many top startups and global enterprises.
How Much Funding Has Cerebras Systems Raised?
- Series A
- Amount Raised: USD 27,200,000
- Date: May 2016
- Lead Investors: Benchmark, Eclipse Ventures, Foundation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and commercialize their AI semiconductor technology.
- Series B
- Amount Raised: USD 25,000,000
- Date: January 2017
- Lead Investors: Coatue
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development and scaling of their AI solutions.
- Series C
- Amount Raised: USD 65,000,000
- Date: July 2017
- Lead Investors: Vy Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product development and market reach.
- Series D
- Amount Raised: USD 81,000,000
- Date: November 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the commercialization of their AI technology.
- Series E
- Amount Raised: USD 272,000,000
- Date: November 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: USD 2.4 billion
- Motivation Behind the Round: To support the development and commercialization of their AI semiconductor technology.
- Series F
- Amount Raised: USD 250,000,000
- Date: November 2021
- Lead Investors: Alpha Wave Ventures
- Valuation at Round: USD 4 billion
- Motivation Behind the Round: To expand globally, deploy the CS-2 system to new customers, and strengthen leadership in AI compute.
- Series G
- Amount Raised: USD 1,100,000,000
- Date: September 2025
- Lead Investors: Atreides Management, Fidelity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI capabilities and expand market presence.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: July 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: September 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and growth initiatives.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: December 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Total Amount Raised: USD 1,870,200,000. Current Valuation: USD 4 billion.
Key Investors
- Alpha Wave Ventures
- Details: Alpha Wave Ventures is a global growth stage partnership between Falcon Edge and Chimera. They focus on supporting high-growth companies.
- Investment Focus Areas: High-growth technology companies, AI, disruptive technologies.
- Notable Investments: Not specified in the sources.
- Abu Dhabi Growth Fund (ADG)
- Details: ADG is a sovereign wealth fund based in Abu Dhabi, focusing on strategic investments to diversify and grow the economy of Abu Dhabi. They co-led the Series F funding round for Cerebras Systems.
- Investment Focus Areas: High-growth sectors, technology, strategic investments.
- Notable Investments: Not specified in the sources.
- Altimeter Capital
- Details: Altimeter Capital is a technology-focused investment firm that invests in both public and private markets. They participated in the Series F funding round for Cerebras Systems.
- Investment Focus Areas: Technology companies, public markets, private markets.
- Notable Investments: Snowflake, Unity.
- Benchmark Capital
- Details: Benchmark Capital is a venture capital firm known for early-stage investments in technology companies. They have been involved in multiple funding rounds for Cerebras Systems.
- Investment Focus Areas: Early-stage technology companies, startups.
- Notable Investments: Uber, Twitter, Snap.
- Coatue Management
- Details: Coatue Management is a global investment firm that focuses on technology, media, and telecommunications sectors. They have participated in several funding rounds for Cerebras Systems.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: ByteDance, DoorDash, Snap.
What's Next for Cerebras Systems?
As Cerebras Systems looks to the future, the opportunities are vast. The company is poised to expand its global reach, democratizing AI and addressing critical challenges like drug discovery and climate change. With a valuation of over $4 billion, the potential market for their high-performance AI compute systems is substantial, promising significant growth in various sectors.
Future fundraising seems promising, given the strong investor interest and the company's ongoing technological advancements. Cerebras may attract further investment to support its expansion and innovation efforts. However, the path forward is not without challenges. The company faces stiff competition from established players like Nvidia and Intel, and must continuously innovate to maintain its edge. Additionally, managing rapid growth and scaling operations effectively will be crucial to their success.
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