Overview
- The round drew participation from Tiger Global, Benchmark, Fidelity, Atreides, AMD, Coatue, Alpha Wave, Altimeter, and 1789 Capital.
- The valuation nearly tripled from about $8.1 billion reported in September, reflecting rising demand for alternative AI compute suppliers.
- Cerebras says the funding will scale production, expand customer deployments, and advance next-generation processors.
- Multiple outlets reported a January commercial engagement with OpenAI to supply wafer-scale systems, which observers say is a key driver of the raise.
- The company promotes its WSE-3 wafer-scale chip as delivering far higher performance per watt than GPUs, aligning with efforts to reduce reliance on Nvidia.