Nvidia rival Cerebras Systems raised a new round of private financing despite its previous plan to be trading on the public market by 2025.
Silicon Valley-based Cerebras announced it raised a $1.1 billion Series G round on Tuesday that valued the AI hardware company at $8.1 billion. The round was co-led by Fidelity and Atreides Management with participation from Tiger Global, Valor Equity Partners, and 1789 Capital, among others.
Cerebras, which was founded in 2015 and offers chips, hardware systems, and cloud services specifically designed for AI, has now raised a
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