AI Chipmaker Cerebras Systems Raises $1.1 Billion in Funding
The Series G round values the AI infrastructure company at $8.1 billion and was led by Fidelity.
Major Investment in Specialized Hardware
Cerebras Systems, a maker of wafer-scale AI processors, announced on Sep 30, 2025, that it raised $1.1 billion in an oversubscribed Series G funding round. The investment gives the company an $8.1 billion post-money valuation. The round was led by Fidelity Management & Research Company and Atreides Management, with significant participation from other major investors including Tiger Global and Valor Equity Partners.
The substantial funding round highlights strong investor confidence in Cerebras's specialized hardware approach to accelerating AI workloads, which competes with more traditional GPU-based systems.
Use of Funds
Cerebras said the new …
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