<p><strong>SUNNYVALE</strong>— Cerebras Systems has announced the closing of a $1 billion Series H financing at a post-money valuation of approximately $23 billion.</p>
<p>The round was led by Tiger Global, with participation from Benchmark, Fidelity Management &; Research Company, Atreides Management, Alpha Wave Global, Altimeter, AMD, Coatue, and 1789 Capital, among others.</p>
<p>Cerebras Systems says it builds the fastest AI infrastructure in the world. The company&#8217;s flagship technology, the Wafer Scale Engine 3 (WSE-3) is the world’s largest and fastest AI processor.56 times larger than the largest GPU, the WSE uses a fraction of the power per unit compute while delivering inference and training more than 20 times faster than the competition.</p>
<p>Founded in 2015, organizations across fields like medical research, cryptography, energy, and agentic AI use Cerebras&#8217; CS-2 and CS-3 systems to build on-premise supercomputers, while developers and enterprises everywhere can access the power of Cerebras through pay-as-you-go cloud offerings.</p>

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