Overview

• The Series G round was led by Fidelity Management & Research Company and Atreides Management, with Tiger Global, Valor Equity Partners and 1789 Capital joining, and Citigroup and Barclays Capital serving as joint placement agents.
• Cerebras says the new capital will scale U.S. manufacturing and expand its U.S. data center footprint to serve growing demand for its inference services.
• Growth has accelerated since the launch of its inference offering in August 2024, with Q2 2024 revenue reported at about $70 million versus less than $6 million a year earlier and manufacturing capacity increased eightfold over the past 18 months.
• The company reiterates plans to go public after earlier delays tied to a CFIUS review of a $335 million investment from Abu Dhabi-based G42, which received clearance in March.
• Cerebras opened five data centers in 2025 in locations including Dallas, Oklahoma City and Santa Clara, and is planning additional sites in Montreal and Europe.