The round was led by Fidelity Management & Research Company and Atreides Management. The round included significant participation from Tiger Global, Valor Equity Partners, and 1789 Capital, as well as existing investors Altimeter, Alpha Wave, and Benchmark.

Cerebras Systems builds the fastest AI infrastructure in the world. Cerebas Stystems has come together to make AI blisteringly fast through innovation and invention because we believe that when AI is fast it will change the world. Their flagship technology, the Wafer Scale Engine 3 (WSE-3) is the world's largest and fastest AI processor. 56 times larger than the largest GPU, the WSE uses a fraction of the power per unit compute while delivering inference and training more than 20 times faster than the competition. Leading corporations, research institutes and governments on four continents chose Cerebras to run their AI workloads.