<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>

SANTA CLARA -- Netris, a provider of network automation and multi-tenancy for AI infrastructure, has…
SAN FRANCISCO -- Prime Intellect has raised $130 million, led by Radical Ventures, with participation…
Between early 2025 through June of 2026, the San José Police Department Burglary Unit and…
PESCADERO, CA -- Hippo Harvest, a leafy greens grower whose robotics- and machine learning-powered greenhouses produce…
SAN FRANCISCO -- Baseten, an AI inference company powering the world's most advanced AI applications,…
SAN FRANCISCO -- TwelveLabs, a video intelligence company, has raised $100 million in Series B…