Cerebras Systems Raises $1.1B A Year After IPO Filing
A year after filing to IPO, still-private Cerebras Systems raises $1.1B, fueling AI growth and global data center expansion.
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Cerebras Systems Raises $1.1B A Year After IPO Filing
A Year After Filing To IPO, Still-Private Cerebras Systems Raises $1.1B Cerebras Systems, a Silicon Valley AI hardware company, just made headlines again. A year after filing to IPO, still-private Cerebras Systems raises $1.1B in fresh funding, proving investor confidence remains strong despite its delayed public debut. Image Credits:Pavlo Gonchar/SOPA Images/LightRocket / Getty Images The $1.1 billion Series G round values Cerebras at $8.1 billion. Fidelity and Atreides Management co-led the round, with support from Tiger Global, Valor Equity Partners, and 1789 Capital. This marks one of the largest private AI hardware financings in 2025. A Decade Of Building AI Infrastructure Founded in 2015, Cerebras has steadily carved its place as a rival to Nvidia. The company builds specialized AI chips, hardware systems, and cloud services tailored for massive machine learning workloads. With nearly $2 billion raised since inception, Cerebras has doubled its valuation since 2021, when a $250 millio…
