Cerebras Funding History

Cerebras builds the Wafer-Scale Engine processor and provides infrastructure for AI inference. It began trading on Nasdaq as CBRS in 2026.

Company Overview

  • IPO
  • Model Inference & Deployment

Founded 2016 · Sunnyvale, California, US

Official Website

Cerebras Funding Timeline

  1. Announced Apr 17, 2026

    IPO

    $5.55B

    The main date is the S-1 filing date. The listing followed separately. The prospectus listed working capital, operating expenses and capital expenditures among the planned uses of proceeds.

    • Closing milestone · May 14, 2026

      Likely listing date per event note; hedge retained pending prospectus confirmation

      Source · cnbc.com ↗
    Source · sec.gov ↗
  2. Announced Feb 3, 2026

    Series H

    US$1 billion

    Cerebras said the financing valued the company at approximately $23 billion post-money.

    Led by Tiger Global.

    Source · cerebras.ai ↗
  3. Announced Sep 30, 2025

    Series G

    US$1.1 billion

    Cerebras planned to invest in processor design and packaging after announcing the completion of the oversubscribed round.

    Led by Fidelity Investments, Atreides. Participation included Tiger Global, Valor Equity Partners, Altimeter Capital, Alpha Wave, Benchmark.

    Source · cerebras.ai ↗
  4. Announced Nov 10, 2021

    Series F

    US$250 million

    Cerebras said the proceeds would support deployments of its CS-2 system to new customers and expansion into additional markets.

    Led by Alpha Wave Ventures.

    Source · cerebras.ai ↗

Cerebras Founding Team

Andrew Feldman, Gary Lauterbach, Michael James, Sean Lie, and Jean-Philippe Fricker founded Cerebras to bring wafer-scale computing to market.

Cerebras Products

  • Cerebras Inference

    Run AI models through a hosted service backed by Cerebras chips.

Cerebras Company Development

Wafer-Scale Systems Become a Hosted Service

The Wafer-Scale Engine gave Cerebras a hardware platform around which to build inference services. Its 2026 Nasdaq listing added a public-market chapter to a business that spans both processors and hosted inference capacity.

Cerebras Competitive Landscape

Custom Silicon at Different Layers

Cerebras designs its own wafer-scale processor and sells inference on that architecture. General Compute rents capacity from colocated systems built on non-Nvidia ASICs, so both offer alternatives to mainstream GPUs while operating at different layers of the supply chain.