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3h ago

Cerebras Raises $1.1 Billion at $8.1 Billion Valuation as IPO Plans Remain Paused

New funding supports data center expansion, U.S. manufacturing, plus growth of its inference cloud.

A message reading "AI artificial intelligence", a keyboard, and robot hands are seen in this illustration taken January 27, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

Overview

  • The Series G was co-led by Fidelity and Atreides, with new backers including Tiger Global, Valor Equity Partners and 1789 Capital.
  • The round lifts the company’s valuation to $8.1 billion and brings total fundraising to nearly $2 billion since its 2015 founding.
  • Cerebras says proceeds will expand facilities and production in the U.S.; five data centers opened in 2025 in cities such as Dallas, Oklahoma City and Santa Clara, with additional sites planned in Montreal and Europe.
  • An IPO filed on Sept. 30, 2024 remains delayed following a CFIUS review tied to G42’s $335 million investment, and the company reiterates that it still intends to list without giving a timeline.
  • Reuters reports that 1789 Capital’s participation was led by Paul Abrahimzadeh; Citigroup and Barclays were placement agents, and the firm is seeking additional export licenses for Middle East deliveries after securing some approvals.