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Cerebras
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Short description

Developer of deep learning hardware

Founded in 2016
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector energy services

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Los Altos, CA Los Altos, United States
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Updated by Cleantech Group on 11/09/2023

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Date Partner Type
07/27/2023
G42 Global Expansion Fund G42 Global Expansion Fund
Cerebras Systems has signed a $100 million deal to deliver the first of what could be up to nine artificial intelligence (AI) supercomputers in a partnership with G42 launched by United Arab Emirates.
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Confirmed by G42 Global Expansion Fund
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IPO INFORMATION

Date

07/01/2016

IPO status

Filed

IPO Type

IPO

Amount

$60M

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Exchange listed

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Description

The company issued shares to raise $60 million at eye-popping valuation of $860 million. PitchBook lists the latest round as "upcoming," meaning it has yet to close.

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Date Investors Type Amount
07/27/2023 G42 Global Expansion Fund G42 Global Expansion Fund (1)
Post-money valuation of
The financing comes from its partnership with G42 Global expansion group launched by United Arab Emirates.
Project Finance $100,000,000
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