AI chip startup Cerebras nabs $250 million Series F round at over $4 billion valuation


Cerebras Systems, the five-year-old AI chip startup that has created the world's largest computer chip, on Wednesday announced it has received a Series F round of $250 million led by venture capital firms Edge Capital via its Alpha Wave Ventures and Abu Dhabi Growth Fund. Returning investors participating in the round include Altimeter Capital, Benchmark Capital, Coatue Management, Eclipse Ventures, Moore Strategic Ventures, and VY Capital. The new money brings Cerebras's total raised to $750 million, and the company says it has a post-money valuation of over $4 billion. Said co-founder and CEO Andrew Feldman in prepared remarks, "The Cerebras team and our extraordinary customers have achieved incredible technological breakthroughs that are transforming AI, making possible what was previously unimaginable. See also: Cerebras prepares for the era of 120 trillion-parameter neural networks.

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