Cerebras Systems

Valuation $26B

About Cerebras Systems

Cerebras Systems is an IT firm that develops computing chips with the sole purpose of accelerating AI.
Headquarters Cerebras Systems, Sunnyvale
Founded 2016-01-01
Industry Artificial Intelligence (AI), Computer, Hardware, Software
Last Funding Type Secondary Market
Valuation 26
Total Funding $715.00 million dollars
IPO Status Private

Financial

Cerebras Systems filed for an IPO, revealing rapid revenue growth and declining losses. The company aims to challenge Nvidia in the AI chip market and has launched what it claims to be the world's fastest AI inference service.
Cerebras Systems is focused on enhancing AI acceleration through advanced deep learning techniques. They are developing methods for depth-wise separable convolution on multi-core arrays, improving accuracy, performance, and energy efficiency. Their research includes weight sparsity techniques and numerical representation for neural networks, utilizing arrays of processing elements for flow-based computations. These innovations aim to optimize neural network accelerators, highlighting Cerebras Systems' commitment to advancing AI chip technology.
Cerebras Systems has filed for an IPO, aiming to compete with Nvidia in the AI chip market. The company has also announced a partnership with Aleph Alpha to supply a supercomputing system and a collaboration with Dell Technologies to enhance AI model training. Additionally, Cerebras is working with Neural Magic to improve AI model training and deployment.
Funding Rounds 7
Number of Lead Investors 4
Total Funding Amount  $715.00 million dollars
Number of Investors 16

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