Cerebras Systems
Wafer-scale compute built for AI training and inference
AI
📍 Sunnyvale, CA
Founded 2016
Current Valuation
$8.1B
as of 2025-Q3
UNICORN
Cerebras Systems designs wafer-scale processors — single chips the size of an entire silicon wafer — that compete with GPU clusters for AI training and inference workloads. The company filed publicly for an IPO in 2024 (proposed ticker CBRS), cleared a CFIUS review of its G42 relationship in 2025, then withdrew the filing after raising a $1.1B Series G at a reported $8.1B valuation, keeping a return to the listing track in play.
Company Profile
Growth
Inference demand inflecting off the wafer-scale architecture; revenue concentration with G42 diluting as cloud expands
Last Round
Series G — $1.1B (Sep 2025) · Lead: Fidelity Management & Research / Atreides Management (co-led)
Fundraising Status
Series G · $1.1B · 10 mo ago
PrivateTotal raised $1.9B
Latest Funding Round
| Round | Amount | Date | Lead Investor | Post-Money |
|---|
| Series G | $1.1B | Sep 2025 | Fidelity Management & Research / Atreides Management (co-led) | — |
Founders & Key People
Andrew FeldmanGary LauterbachMichael JamesSean LieJean-Philippe Fricker
Investors
Fidelity Management & Research · Atreides Management · Tiger Global Management · Valor Equity Partners · 1789 Capital · Altimeter Capital · Alpha Wave Global · Benchmark · Foundation Capital · Eclipse Ventures · Coatue · G42
Products
- Wafer-Scale Engine (WSE-3)
- CS-3 System
- Cerebras Inference
- Cerebras Cloud
- Condor Galaxy AI Supercomputers
Competitors
NVIDIA · Groq · SambaNova · AMD · Together AI
AI chipswafer-scale engineAI inferenceAI trainingsemiconductorsartificial intelligencesupercomputing
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q3. Refreshed quarterly.