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Cerebras Raises $1.1 Billion at $8.1 Billion Valuation to Scale U.S. AI Capacity

The raise follows a surge in inference demand, extending its runway.

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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
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Overview

  • Cerebras closed an oversubscribed Series G of $1.1 billion led by Fidelity Management & Research Company and Atreides Management, with Tiger Global, Valor Equity Partners and 1789 Capital among participants.
  • The company said it will use the funds to expand U.S. manufacturing and data center capacity and to advance its WSE‑3 processor, system design and AI supercomputer roadmap.
  • Still private a year after filing to list, Cerebras’ IPO was delayed by a CFIUS review tied to a $335 million investment from Abu Dhabi-based G42, and the company says it still plans to go public.
  • Operational scale-up continued in 2025 with five new data centers opened in locations including Dallas, Oklahoma City and Santa Clara, and CEO Andrew Feldman said manufacturing capacity increased 8x over 18 months with a planned additional 4x in the next six to eight months.
  • Feldman credits rapid growth to the inference cloud launched in August 2024, with reported Q2 2024 revenue of about $70 million versus less than $6 million a year earlier, and the company and an external benchmarking firm claim more than 20x speedups versus GPUs.