Stack L4
Cerebras Systems
Wafer-scale inference cloud at ~3,000 tok/s; $1.1B Series G at $8.1B valuation
HQ US
Recent Business Signals
May 14, 2026
ipo_event
Cerebras Systems went public on Nasdaq, raising $5.55 billion by selling 30 million shares at $185 per share; the stock opened at $350, valuing the company at $95 billion in the largest U.S. tech IPO since 2019.
source: funding-research
May 14, 2026
ipo_event
Cerebras went public on Nasdaq in the largest U.S. tech IPO since 2019, raising $5.55B by selling 30M shares at $185/share, debuting at $350 and reaching a $95B market valuation.
source: funding-research
May 14, 2026
ipo_event
Cerebras went public on Nasdaq under ticker CBRS, raising $5.55 billion (30 million shares at $185/share); shares opened at $350 valuing the company at $95 billion, the largest U.S. tech IPO since 2019.
source: funding-research
May 14, 2026
ipo_event
Cerebras went public on Nasdaq (CBRS), raising $5.55 billion by selling 30 million shares at $185; the stock opened at $350, valuing the company at $95 billion.
source: funding-research
Apr 15, 2026
funding
Cerebras Systems secured an $850 million five-year syndicated revolving credit facility.
source: funding-research
Apr 15, 2026
funding
Cerebras secured an $850M Debt Financing Revolving Credit Facility arranged by Morgan Stanley, Citi, Barclays, and UBS.
source: funding-research
Apr 15, 2026
funding
Cerebras secured $850 million in a 5-year syndicated revolving credit facility.
source: funding-research
Funding & valuation history
May 14, 2026 · funding-research
Cerebras went public on Nasdaq under ticker CBRS, raising $5.55 billion (30 million shares at $185/share); shares opened at $350 valuing the company at $95 billion, the largest U.S. tech IPO since 2019.
May 14, 2026 · funding-research
Cerebras went public on Nasdaq (CBRS), raising $5.55 billion by selling 30 million shares at $185; the stock opened at $350, valuing the company at $95 billion.
May 14, 2026 · funding-research
Cerebras went public on Nasdaq in the largest U.S. tech IPO since 2019, raising $5.55B by selling 30M shares at $185/share, debuting at $350 and reaching a $95B market valuation.
May 14, 2026 · funding-research
Cerebras Systems went public on Nasdaq, raising $5.55 billion by selling 30 million shares at $185 per share; the stock opened at $350, valuing the company at $95 billion in the largest U.S. tech IPO since 2019.
Apr 15, 2026 · funding-research
Cerebras Systems secured an $850 million five-year syndicated revolving credit facility.
Apr 15, 2026 · funding-research
Cerebras secured $850 million in a 5-year syndicated revolving credit facility.
Apr 15, 2026 · funding-research
Cerebras secured an $850M Debt Financing Revolving Credit Facility arranged by Morgan Stanley, Citi, Barclays, and UBS.
Feb 3, 2026 · funding-research
Cerebras raised a $1 billion Series H at a $23 billion post-money valuation, led by Tiger Global Management with participation from Benchmark, Fidelity, Atreides, and AMD.
Feb 3, 2026 · funding-research
Cerebras raised $1.0B Series H led by Tiger Global at a post-money valuation of ~$23B, with participation from Benchmark, Fidelity, Atreides, Alpha Wave Global, Altimeter, AMD, Coatue, and 1789 Capital.
Feb 3, 2026 · funding-research
Cerebras Systems raised $1 billion in a Series H round led by Tiger Global Management, with participants including AMD, Benchmark, and Fidelity, at an approximate post-money valuation of $23 billion.
Strategic Position
What they do best
Delivering frontier open models at speeds GPU clouds cannot match — gpt-oss-120B at ~3,000 tok/s (signal 0182c87d) and Llama 4 Maverick at ~2,500 tok/s verified by Artificial Analysis (signal 3d3634f0).
Their bet
That a single wafer-scale chip plus owned US data centers (signals 55dbeca3, 0248cddc) wins the latency-sensitive inference market; 2026 hires for physical design, packaging/SI and ML compilers signal a next-gen WSE tape-out.
Top risk
Inference catalog rests entirely on third-party open weights (Llama 4, Qwen3, gpt-oss); if a hyperscaler ships comparable-speed inference on these same models before Q4 2026, the speed moat erodes while the funded data-center capex is already committed.
Compared to peers
Direct competitor
Groq
Groq's LPU also chases record inference latency, but on small deterministic chips and GroqCloud; Cerebras bets on single wafer-scale silicon plus owned US data centers.
Substitute
AMD
AMD MI300/MI350 is the merchant GPU path buyers default to for both training and inference; Cerebras is inference-speed-only and cannot substitute for ROCm training fleets.
Why someone would join
- 1.Capital is in hand: $1.1B Series G at $8.1B valuation closed 2025-09-30 (signal 55dbeca3) funding concrete Oklahoma City and Minneapolis data centers (signal 0248cddc) — engineering hires are backed by deployed capex, not promises.
- 2.2026 reqs (principal packaging/signal-integrity 2026-05-06, senior physical design 2026-04-22, compiler 2026-04-02) indicate a next-gen wafer-scale bring-up; you own silicon shipping at OpenAI gpt-oss launch scale (~3,000 tok/s).
Recent Hiring (60 days)
- package design1
- signal integrity1
- power delivery1