Core Insights - Cerebras Systems raised $1.1 billion in a Series G funding round, valuing the company at $8.1 billion, co-led by Fidelity and Atreides Management [1] - The company has raised nearly $2 billion since its founding in 2015, with the previous funding round being $250 million in 2021 [2] - The recent funding follows significant growth attributed to the launch of AI inference services in August 2024, which has led to increased demand [3] Funding and Valuation - The Series G funding round was co-led by Fidelity and Atreides Management, with participation from Tiger Global, Valor Equity Partners, and 1789 Capital [1] - Cerebras was valued at over $4 billion during its last funding round in 2021 [2] - The company has now raised a total of almost $2 billion in its 10-year history [2] Growth and Expansion - The company experienced explosive growth linked to its AI inference services, which were launched in August 2024 [3] - By the second quarter of 2024, the company believed it had crossed a tipping point in AI utility, leading to overwhelming demand for inference services [4] - Cerebras has opened five new data centers in 2025, with plans for more in Montreal and Europe [4] Use of Funds - The recent funding will primarily be used for expanding data center operations and U.S. manufacturing hubs, along with some unspecified technological advancements [5] - The company initially planned for an IPO in September 2024 but faced regulatory delays [5] Regulatory Challenges - The IPO was delayed due to a review by the Committee on Foreign Investment in the United States related to a $335 million investment from G42 [6] - Further delays occurred in early 2025 due to unfilled positions in CFIUS at the beginning of President Trump's term [6]