Cerebras Systems, a leader in high-performance AI infrastructure, has announced the successful completion of an oversubscribed Series G funding round, raising an impressive $1.1 billion. This funding round reflects a substantial post-money valuation of $8.1 billion. The initiative was spearheaded by Fidelity Management & Research Company and Atreides Management, with noteworthy contributions from Tiger Global, Valor Equity Partners, and 1789 Capital. Additionally, existing investors such as Altimeter, Alpha Wave, and Benchmark played a significant role in this funding round.
As one of the fastest inference providers globally, Cerebras aims to utilize the acquired funds to develop its pioneering technology portfolio further. The focus will be on continued innovations in areas including AI processor design, packaging, system design, and the creation of advanced AI supercomputers. Furthermore, Cerebras plans to enhance its manufacturing capabilities and data center capacity in the U.S. to accommodate the rapidly growing demand for its products and services.
Since the launch of its inference service in late 2024, Cerebras has experienced extraordinary growth. Throughout the past year, the company has consistently outperformed competitors, maintaining the number one position in performance by achieving speeds over 20 times faster than Nvidia GPUs on both open-source and proprietary models. This remarkable performance has attracted significant interest from a variety of sectors.
The distinct performance advantage offered by Cerebras has led to a substantial increase in demand. Emerging real-time applications, including code generation, reasoning, and agentic tasks, highlight the critical importance of speed, raising the stakes for businesses that lag behind. As a result, many customers are turning to Cerebras to meet their needs. Currently, the company is processing trillions of tokens monthly, supporting operations across its cloud platform, customer premises, and partnerships with leading organizations.
By 2025, a range of prominent AI leaders, including AWS, Meta, IBM, Mistral, Cognition, and AlphaSense, alongside hundreds of enterprises and government institutions such as GlaxoSmithKline, Mayo Clinic, and the U.S. Department of Energy and Defense, will have chosen Cerebras for their AI solutions.
The company has also appealed to individual developers, who have selected Cerebras for their AI projects. On Hugging Face, a notable hub for AI developers, Cerebras stands out as the top inference provider, receiving over 5 million requests each month. This strong demand underscores the critical role Cerebras plays in shaping the future of artificial intelligence.
Support: Citigroup and Barclays Capital acted as joint placement agents for the transaction.
KEY QUOTES:
“From our inception we have been backed by the most knowledgeable investors in the industry. They have seen the historic opportunity that is AI and have chosen to invest in Cerebras. We are proud to expand our consortium of best-in-world investors.”
Andrew Feldman, co-founder and CEO, Cerebras
“Since our founding, we have tested every AI inference provider across hundreds of models. Cerebras is consistently the fastest.”
Micah Hill-Smith, CEO of leading benchmarking firm Artificial Analysis
