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 Cerebras Systems Raises $250M In Funding For Over $4B Valuation To Advance The Future Of Artificial Intelligence Compute

Nov 10, 2021•over 3 years ago

Amount Raised

$250 Million

Sunnyvale

Description

Cerebras Systems, the pioneer in accelerating artificial intelligence (AI) compute, today announced it has raised $250 million in a Series F financing round, valuing the company at over $4 billion. To-date, the company has raised $720 million. The Series F round was led by Alpha Wave Ventures, a global growth stage Falcon Edge | Chimera partnership, along with Abu Dhabi Growth Fund (ADG). Alpha Wave Ventures and ADG join a world class group of investors including Altimeter Capital, Benchmark Capital, Coatue Management, Eclipse Ventures, Moore Strategic Ventures, and VY Capital.

Company Information

Company

Cerebras Systems

Location

Sunnyvale, California, United States

About

Cerebras Systems is a team of pioneering computer architects, computer scientists, deep learning researchers, and subject matter experts of all types. We have come together to build a new class of computer system, designed for the singular purpose of accelerating AI and changing the future of AI work forever. Our Cerebras CS-2 system, powered by the world’s largest processor – the WSE-2, enables customers to accelerate their deep learning by orders of magnitude over general purpose compute.

Funding Insights

Based on industry data
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