“From our inception we have been backed by the most knowledgeable investors in the industry,” CEO and co-founder Andrew Feldman said. “They have seen the historic opportunity that is AI and have chosen to invest in Cerebras. We are proud to expand our consortium of best-in-world investors.”
IPO Rumblings Still in Play
The funding comes nearly a year after Cerebras filed confidential plans for an IPO in September 2024, aiming to raise between $750 million and $1 billion, though no public debut has yet materialized. At the time, details on share pricing and volume were kept under wraps, fueling speculation about when Cerebras will finally make its Wall Street entrance.
The Latham & Watkins team guiding Cerebras through this mega-raise was led by partner Sarah Axtell.
With its war chest overflowing and its valuation soaring, Cerebras has now positioned itself at the very heart of the AI gold rush—a company that could define the next era of supercomputing.
