Total amount raised
$715 Millions
Latest funding date
Location
Cerebras Systems has successfully raised significant funding over multiple rounds, attracting a diverse group of investors.
Keep reading to explore the intricacies of Cerebras Systems' fundraising journey and the investors backing this innovative AI computing platform.
What Is Cerebras Systems?
Cerebras Systems, founded in April 2016, is based in Sunnyvale, California. The company specializes in AI computing solutions, offering deep learning applications, supercomputing, and cloud services.
Founded by Andrew Feldman, Gary Lauterbach, Jean-Philippe Fricker, Michael James, and Sean Lie, Cerebras Systems is known for its innovative Wafer-Scale Engine and the Cerebras CS-3 system. These technologies are designed to accelerate AI performance significantly.
With a team of 251-500 employees, Cerebras Systems continues to push the boundaries of AI computing, providing scalable solutions for both on-premises and cloud environments.
How Much Funding Has Cerebras Systems Raised?
- Series A
- Amount Raised: $27M
- Date: May 2016
- Lead Investors: Eclipse Ventures, Foundation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial product offerings and build the core team.
- Series B
- Amount Raised: $25M
- Date: December 2016
- Lead Investors: Benchmark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand market reach.
- Series C
- Amount Raised: $60M
- Date: January 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product capabilities.
- Series D
- Amount Raised: $81M
- Date: November 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the launch of new products and expand the team.
- Series E
- Amount Raised: $272M
- Date: November 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: $2.4 billion
- Motivation Behind the Round: To enhance AI capabilities and expand market presence.
- Series F
- Amount Raised: $250M
- Date: November 2021
- Lead Investors: Alpha Wave Ventures
- Valuation at Round: $4 billion
- Motivation Behind the Round: To extend global leadership, democratize AI, and address societal challenges.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: July 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Total Amount Raised: $715M
Current Valuation: $4 billion
Key Investors
- Alpha Wave Ventures
- Details: Alpha Wave Ventures is a global growth stage investment partnership between Falcon Edge Capital and Chimera. They focus on high-growth companies across various sectors.
- Investment Focus Areas: Technology, healthcare, consumer goods
- Notable Investments: Not publicly disclosed
- Benchmark
- Details: Benchmark is a venture capital firm known for its early-stage investments. They have a strong track record of backing successful technology startups.
- Investment Focus Areas: Early-stage technology companies
- Notable Investments: Uber, Twitter, Snap
- Eclipse Ventures
- Details: Eclipse Ventures is a venture capital firm that invests in early-stage technology companies. They focus on transforming physical industries through technology.
- Investment Focus Areas: Technology, hardware, software
- Notable Investments: Zoox, Cobalt Robotics, Bright Machines
- Foundation Capital
- Details: Foundation Capital is a venture capital firm that invests in early-stage startups. They have a history of supporting companies that drive innovation.
- Investment Focus Areas: Technology, fintech, enterprise software
- Notable Investments: Netflix, LendingClub, Sunrun
- Coatue Management
- Details: Coatue Management is a global investment manager focused on technology, media, and telecommunications. They invest in both public and private markets.
- Investment Focus Areas: Technology, media, telecommunications
- Notable Investments: ByteDance, DoorDash, Instacart
What's Next for Cerebras Systems?
As Cerebras Systems looks to the future, the opportunities are vast. The company is poised to expand its AI compute solutions globally, addressing critical challenges in drug discovery and climate change. With a valuation of $4 billion and a recent $250 million funding round, the potential for growth is substantial.
Future fundraising seems likely, given the strong investor confidence and the need to support ongoing technological advancements. However, Cerebras will face challenges, including high development costs and competition from established players like Nvidia and Intel. Ensuring scalability and reliability as they expand will be crucial for sustained success.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Cerebras Systems and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.
