Cerebras Systems raises $1 billion Series H at $23 billion valuation
SAN FRANCISCO, February 3, 2026 — Cerebras Systems announced a $1 billion Series H funding round, achieving a post-money valuation of approximately $23 billion. Led by Tiger Global, with participation from Benchmark, Fidelity Management & Research Company, Atreides Management, Alpha Wave Global, Altimeter, AMD, Coatue, and 1789 Capital, the round nearly triples the AI infrastructure firm’s $8.1 billion valuation from its September 2025 Series G.
Overview
The funding closed February 3, 2026, positioning Cerebras among the highest-valued private AI chip companies as it competes with Nvidia in the AI semiconductor market. In September 2025, Cerebras had secured $1.1 billion in Series G funding at an $8.1 billion valuation. The company’s Wafer Scale Engine 3 (WSE-3) is the world’s largest AI processor—56 times larger than the biggest GPU—delivering inference and training over 20 times faster using less power. OpenAI recently deployed 750 megawatts of Cerebras’ low-latency compute infrastructure, representing the world’s largest high-speed AI inference setup, with models responding up to 15 times faster than GPU systems.
Announcement Specifics
The funding closed February 3, 2026, positioning Cerebras among the highest-valued private AI chip companies as it competes with Nvidia in the AI semiconductor market. In September 2025, Cerebras had secured $1.1 billion in Series G funding at an $8.1 billion valuation. The company’s Wafer Scale Engine 3 (WSE-3) is the world’s largest AI processor—56 times larger than the biggest GPU—delivering inference and training over 20 times faster using less power. OpenAI recently deployed 750 megawatts of Cerebras’ low-latency compute infrastructure, representing the world’s largest high-speed AI inference setup, with models responding up to 15 times faster than GPU systems.
Stakeholder Perspective
“From our inception we have been backed by the most knowledgeable investors in the industry. They have seen the historic opportunity that is AI and have chosen to invest in Cerebras.”
— Andrew Feldman, Co-Founder and CEO at Cerebras Systems
Why it matters: This underscores sustained investor confidence in Cerebras’ wafer-scale technology amid surging demand for AI infrastructure alternatives to traditional GPU-based systems.
Industry Context
The funding fuels Cerebras’ rivalry with Nvidia in AI semiconductors as enterprise demand for inference speed reaches record highs. AI infrastructure investments have accelerated globally, with firms racing to deploy faster, more power-efficient computing solutions. This valuation leap signals maturing alternatives to GPU-based AI hardware, potentially lowering costs for cloud AI services used in fintech analytics, fraud detection, and real-time decision systems deployed across financial institutions worldwide.
Conclusion
The raise positions Cerebras for accelerated deployment of on-premise and cloud AI solutions for enterprises worldwide, with potential implications for a future initial public offering.
Sources: PYMNTS, Cerebras Systems, Business Wire, Bloomberg, Reuters
