Cerebras Systems, the Silicon Valley AI chip startup known for its dinner-plate-sized computing chip, announced a $1.1 billion funding round, led by Fidelity Management & Research and Atreides Management. The round added investors including Tiger Global, Valor Equity Partners, and 1789 Capital, the firm where Donald Trump Jr. is a partner.
The funding lifts Cerebras’ valuation to $8.1 billion and positions the company to continue scaling AI supercomputing capabilities. Cerebras has previously supplied supercomputers to Abu Dhabi’s G42 and Saudi Aramco, and the company plans to pursue its delayed Nasdaq IPO in the near future. CEO Andrew Feldman emphasized the strategic late-stage capital infusion from top-tier institutional investors as part of the path to going public.