Cerebras Systems raises $1.1bn in Series G

Funding and Valuation - Cerebras Systems has completed a $1.1 billion Series G funding round, resulting in a post-money valuation of $8.1 billion [1] - The funding round was led by Fidelity Management & Research and Atreides Management, with participation from Tiger Global, Valor Equity Partners, and 1789 Capital [1] Use of Funds - The new capital will be allocated towards further development of AI processor technology, expansion of US manufacturing capacity, and scaling of data center infrastructure [2] - These initiatives aim to address the rising demand for AI systems and services across multiple sectors [2] Performance and Technology - Cerebras Systems claims to deliver inference speeds more than 20 times faster than Nvidia GPUs on various models [3] - The company's core technology includes the Wafer Scale Engine 3 (WSE-3), which is the largest AI processor available, being 56 times larger than the largest GPU [4] Customer Adoption and Partnerships - The company serves trillions of tokens per month through its cloud platform, on-premises deployments, and partner ecosystems [5] - Notable adopters of Cerebras Systems' hardware for AI workloads include AlphaSense, AWS, GlaxoSmithKline, IBM, and the US Department of Defense [5] - In September 2025, Cerebras Systems announced a partnership with Carahsoft Technology to extend its AI inference solutions into government agencies and educational institutions [6]