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CEREBRAS SYSTEMS
Cerebras Systems
Semiconductors / AI compute · Sunnyvale, California · United States · Founded · 2015 · ≈ · 708 · employees

Cerebras Systems Funding — Last Valued at $43.8B

PublicCBRS-PERP · live

Cerebras Systems has raised $8.3B across 8 funding rounds, plus 1 undated round. The latest round valued Cerebras Systems at $43.8B market cap.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Cerebras Systems funding · at a glance
Total raised, all rounds
$8.3B
some round sizes not disclosed
Funding rounds
8
plus 1 undated round
Latest round
$43.8B
market cap · Sep 2026
Lead on that event
not disclosed
2026
About Cerebras Systems

Cerebras is backed by investors including Benchmark, Foundation Capital and Eclipse Ventures, and raised $270 million in a Series E round. In May 2026 the company began trading on Nasdaq under the ticker CBRS, and in August it launched its CS-4 system, powered by three WSE-3 Turbo processors delivering up to 30 times faster inference than GPU systems.

Funding timeline

The Cerebras Systems funding timeline

8 funding rounds, the latest highlighted.

2015
Cerebras Systems founded

Cerebras Systems was founded in 2015, United States.

UNDATED
Series C

No date is disclosed for this round.

MAY 2016
Series A

A primary round — the company sells new shares to investors it selects. $27M raised, led by Benchmark, Foundation Capital, Eclipse Ventures.

Valuation basisAmount$27MPrice / shareLeadBenchmark, Foundation Capital, Eclipse Ventures
NOV 2019
Series E at $2.4B post-money

A primary round — the company sells new shares to investors it selects. $270M raised.

Valuation basispost-moneyAmount$270MPrice / shareLead
NOV 2021
Series F at $4B post-money

A primary round — the company sells new shares to investors it selects. $250M raised, led by Alpha Wave Ventures, Abu Dhabi Growth Fund.

Valuation basispost-moneyAmount$250MPrice / shareLeadAlpha Wave Ventures, Abu Dhabi Growth Fund
SEP 2024
Series F-1

Raised across July, August and September 2024. $85M raised.

Valuation basisAmount$85MPrice / share$15Lead
SEP 2025
Series G at $8.1B post-money

Pre-IPO round. $1.1B raised.

Valuation basispost-moneyAmount$1.1BPrice / share$36Lead
JAN 2026
Series H at $23B post-money

Benchmark invested $225 million; Alpha Wave and funds managed by Fidelity Investments each invested $100 million. $1B raised, led by Benchmark.

Valuation basispost-moneyAmount$1BPrice / share$89LeadBenchmark
MAY 2026
IPO (Nasdaq: CBRS) at $95B post-money

Public offering of 30 million shares. $5.5B raised.

Valuation basispost-moneyAmount$5.5BPrice / share$185Lead
SEP 2026LATEST
Market Cap at $43.8B market cap

A primary round — the company sells new shares to investors it selects.

Valuation basismarket capAmountPrice / shareLead
STATUS: PUBLIC

Listed company.

Funding rounds

Cerebras Systems funding rounds in full

8 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Market Cap LATEST
Sep 2026
—
$43.8Bmarket cap
—
—
—
IPO (Nasdaq: CBRS)
May 2026
$5.5B
$95Bpost-money
$185
—
public offering of 30 million shares
Series H
Jan 2026
$1B
$23Bpost-money
$89
Benchmark
Benchmark invested $225 million; Alpha Wave and funds managed by Fidelity Investments each invested $100 million
Series G
Sep 2025
$1.1B
$8.1Bpost-money
$36
—
pre-IPO round
Series F-1
Sep 2024
$85M
—
$15
—
raised across July, August and September 2024
Series F
Nov 2021
$250M
$4Bpost-money
—
Alpha Wave Ventures, Abu Dhabi Growth Fund
—
Series E
Nov 2019
$270M
$2.4Bpost-money
—
—
—
Series A
May 2016
$27M
—
—
Benchmark, Foundation Capital, Eclipse Ventures
—
Series C
—
$60M
—
—
—
Sequoia, Scale-Up, Foundation Capital, Eclipse Ventures, Benchmark Capital, Altimeter Capital
Cerebras Systems · investors

Investors

BBenchmarkLEADAAlpha Wave VenturesLEADAAbu Dhabi Growth FundLEADFFoundation CapitalLEADEEclipse VenturesLEADCoatue ManagementVVY CapitalAltimeter CapitalFFidelity InvestmentsG42

Frequently asked questions

How can I get exposure to Cerebras Systems?›

The routes section explains what is realistically available for a company at this stage.

Is Cerebras Systems publicly traded?›

Yes. Cerebras Systems is listed on NASDAQ as CBRS.

What is Cerebras Systems's valuation?›

The last recorded market cap is $43.8B.

Who has invested in Cerebras Systems?›

Lead investors for each round are in the funding timeline.

Who are Cerebras Systems's competitors?›

The closest semiconductors / ai compute peers are on the competitors page.

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