Cerebras
#22 on Setter30 Most recent: Q1 2026Cerebras Systems develops wafer-scale AI processors and cloud inference services for large-scale AI training and inference. The company's CS-2 and CS-3 systems integrate entire silicon wafers as single processors, and operate cloud datacenters delivering AI compute capacity to enterprises and cloud platforms including OpenAI.
Public Company
Cerebras is publicly traded
IPO'd on May 14, 2026
This company is no longer available on our private secondary market. Shares can be traded publicly under CBRS.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2015
Employees
784
Total Funding
$2.82B
8 rounds
Last Private Valuation
$23B
Feb 2026
Secondary Signals (Note: SetterVC does not verify the accuracy of these)
4 signalsShares fell nearly 20% after Q1 2026 results as softer FY26 margin guidance overshadowed revenue beat
Post-IPO volatility; market re-pricing profitability outlook lower
Priced IPO at $185/share, raised $5.55B; shares opened ~89% above offer price on Nasdaq debut
Public listing unlocks liquidity for pre-IPO holders and existing investors
Closed $1B Series H financing at approximately $23B post-money valuation, ahead of IPO
Pre-IPO valuation nearly tripled from Series G, anchoring IPO price expectations
Signed multi-billion-dollar compute deal with OpenAI in January 2026, cornerstone of IPO investment thesis
Major customer anchor supporting valuation re-rate
Setter30 Ranking
Funding
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $2.82B across 8 rounds
Last updated 08-31-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Feb 2026 | Series H | $1B | $23B | Tiger Global Management |
| Sep 2025 | Series G | $1.1B | — | AMD Ventures, Fidelity Management |
| Apr 2021 | Series F TechCrunch | $250M | $4B | Alpha Wave Ventures, Abu Dhabi Growth Fund |
Valuation Trajectory
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series A
$60M
May 2016
Cerebras today
$23B
Feb 2026 · latest mark
Cerebras multiple
383x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Leadership
Andrew Feldman
Founder, CEO & Chief Engineer
Gary Lauterbach
Co-Founder
Sean Lie
Co-Founder
Michael James
Co-Founder
Jean-Philippe Fricker
Co-Founder
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
NVIDIA
GPU manufacturer for AI training and inference; dominant market leader
Groq
Streaming Language Processing Unit (LPU) architecture for AI inference
SambaNova Systems
Reconfigurable dataflow architecture (RDUs) for AI inference and training
Tenstorrent
AI chip startup with $700M funding at $2.6B+ valuation
Etched AI
Transformer-focused silicon chip for AI inference (Sohu chip)
Graphcore
AI accelerator company acquired by SoftBank; intelligence processor (IPU) architecture
Cerebras Investment FAQ
Cerebras FAQ
Yes, Cerebras is publicly traded under the ticker symbol CBRS on the NASDAQ. The company went public in May 14, 2026.
Cerebras trades under the ticker symbol CBRS on the NASDAQ. It began trading in May 14, 2026.
Cerebras (CBRS on the NASDAQ) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker CBRS to place an order.
Cerebras went public in May 14, 2026 via ipo, with an offering valuation of approximately $23B. Cerebras filed S-1 registration statement for Nasdaq IPO on April 17, 2026 at $23B valuation. IPO delayed from September 2024 original filing due to CFIUS review of G42 (UAE) investor relationship; review cleared in 2025 with G42 holding non-voting shares. Company targeting May 2026 listing under ticker CBRS.
Cerebras raised $2.82B across 8 disclosed funding rounds prior to its public listing.
Cerebras was co-founded by Andrew Feldman, Gary Lauterbach, Sean Lie, and 2 others in 2015.
Cerebras is headquartered in Sunnyvale, CA.
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