/Companies

Cerebras Systems

NASDAQ: CBRS

Sunnyvale, US · Founded 2015 · Incorporated in Delaware · Public · 64 known investors

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Cerebras designs and manufactures wafer-scale AI processors and systems for data centers, enabling high-speed AI training and inference workloads. The company serves AI infrastructure providers, research institutions, and cloud platforms globally.

Also known as Cerebras Systems · Cerebras Systems Inc.

Founders & leadership

Cerebras Systems was founded in 2015 by Andrew Feldman, Gary Lauterbach, Michael James, Sean Lie, and Jean-Philippe Fricker.

AFAndrew Feldman
Andrew FeldmanFounderAndrew Feldman is co-founder and CEO of Cerebras Systems, which designs wafer-scale AI processors and systems for data-center training and inference. He previously co-founded and led SeaMicro (acquired by AMD) and held marketing and product leadership roles at Force10 Networks and Riverstone Networks.
GLGary Lauterbach
Gary LauterbachFounderHe previously co-founded SeaMicro, a low-power server technology company acquired by AMD, and held senior architecture roles at Sun Microsystems including chief microprocessor architect for the UltraSparc processor line.
MJMichael James
Michael JamesFounderMichael James is founder and Chief Architect at Cerebras Systems, where he leads development of wafer-scale AI processors. He previously held roles as AMD Fellow, Platform Architect at Kno Inc, and Chief Architect at MultiLing Corp, and studied molecular neurobiology, mathematics, and computer science at UC Berkeley.
SLSean Lie
Sean LieFounderSean Lie is co-founder and Chief Hardware Architect at Cerebras Systems, which designs wafer-scale AI processors and systems. He previously served as Chief Hardware Architect at SeaMicro (acquired by AMD), where he led the IO virtualization fabric ASICs and system architecture, and later worked as Chief Architect for AMD's Data Center Server Solutions unit and as a microprocessor architect in AMD's advanced architecture group.
JFJean-Philippe Fricker
Jean-Philippe FrickerFounderFounder at Cerebras

Investors · 64

EclipsereportedPalo Alto

How we know: the S-1 prospectus · Not right? Tell us

Also in the syndicate · 10

Abu Dhabi Growth FundleadAMDFalcon Edge CapitalFidelity Management & Research CompanyleadJoshua SchachterPaul AbrahimzadehPS InvestmentsRick GersonleadScott BanisterTikhon Bernstam

Funding

SEC filings, press & company announcements

$5.5B disclosed across 1 of 15 rounds · 2016–2026

Source: company announcements and press reports — follow each round's link for the claim.

Valuation · disclosed

Disclosed events
$23Bvaluation at Series HFeb 2026
filing ↗
$8.1Bvaluation at Series GSep 2025
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Key figures

latest reported
Cost per nodeJan 2026$3M
Customer revenue concentration - G42Jan 2025$24
Customer revenue concentration - Mohamed bin Zayed University of Artificial InteJan 2025$62
EmployeesJan 2025708 people
GPT-5.6 Sol Ultrafast inference speed on CerebrasJan 2026750 tokens/second
Hugging Face monthly inference requestsSep 20255,000,000 requests/month
Net incomeJan 2025$87M
Post-money valuation (Series G)Sep 2025$8.1B
Post-money valuation (Series H)Feb 2026$23B
RevenueJan 2025$510M
System power drawJan 202625 kW
Total assetsJan 2025$2.3B
Total equityJan 2025−$578M
Total funding raisedFeb 2026$2.6B
WSE-3 die sizeJan 2026215 mm per side (square)

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Founder mafia

4 people who came through Cerebras Systems went on to found or lead other companies.

Related companies · 10

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Companies working in the same space as Cerebras Systems.

Non-dilutive funding · 3 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
Department of DefenseSpecial Operations CommandPhase II2023$1.8M
U.S. Air ForceAir ForcePhase II2021$750K
U.S. Air ForceAir ForcePhase I2020$50K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Timeline · 22

launches, deals, and filings
Feb 2026
$1 billion Series H at approximately $23 billion post-money valuation

$1B source ↗

Jan 2026
Forbes America's Best Startup Employers 2026

source ↗

Jan 2026
Fast Company Most Innovative Companies 2026 – AI

source ↗

Jan 2026
Amazon Web Services signed as a customer

AWS listed as a major customer signed in 2026; inference workload split across AWS Trainium and the Cerebras CS-3 connected by EFA.

source ↗

Jan 2026
OpenAI signed as a customer

Wikipedia lists OpenAI as a major customer signed in 2026; OpenAI holds warrants to purchase 33.4 million shares subject to purchases of compute capacity. OpenAI's GPT-5.6 Sol is offered in Ultrafast mode on Cerebras at up to 750 tokens/sec.

source ↗

Jan 2026
Partnership with AMD on disaggregated inference

AMD Helios and the Cerebras Wafer-Scale Engine to be combined for high-throughput prefill with token generation.

source ↗

Jan 2026
Partnership with Lovable

source ↗

Jan 2026
Introduction of the CS-4 rack-scale AI accelerator

CS-4 announced as a rack-scale solution delivering up to 30x faster inference compared to GPUs, designed for hyperscale deployment.

source ↗

Sep 2025
$1.1 billion Series G at $8.1 billion post-money valuation

$1.1B source ↗

Jan 2025
HPCwire Readers' & Editors' Choice 2025 – Best AI Product or Technology

source ↗

Jan 2025
Datacenter expansion across North America and Europe

Cerebras announced rapid datacenter expansion across North America and Europe, alongside integrations powering Meta's Llama API, Perplexity, Mistral, Hugging Face and OpenRouter.

source ↗

Jan 2024
Launch of Cerebras inference service

Cerebras launched its inference service in late 2024.

source ↗

Jan 2024
WSE-3 chip and CS-3 system introduced

source ↗

Jan 2023
Condor Galaxy supercomputer network unveiled with G42

Condor Galaxy network of supercomputers powered by Cerebras systems; Condor Galaxy 1 (CG-1) features 4 exaFLOPs of FP16 performance and 54 million cores.

source ↗

Aug 2022
Office opened in Bangalore, India

source ↗

Aug 2022
WSE-2 displayed at Computer History Museum

The Computer History Museum in Mountain View, California unveiled a display featuring the WSE-2, titled 'The Biggest Chip In the World'.

source ↗

Jun 2022
Record for largest AI models trained on a single device

A single CS-2 system with one Cerebras wafer trained models with up to 20 billion parameters, including GPT-3XL 1.3B, GPT-J 6B, GPT-3 13B and GPT-NeoX 20B.

source ↗

Jan 2022
Gordon Bell Special Prize for COVID-19 variant research on Cerebras CS-2 cluster

Researchers at Argonne National Laboratory received the Gordon Bell Special Prize for research into COVID-19 variants powered by a Cerebras CS-2 cluster.

source ↗

Aug 2021
Partnership with Peptilogics on AI for peptide therapeutics

source ↗

Apr 2021
CS-2 system launched based on WSE-2

CS-2 built on TSMC's 7nm process; WSE-2 has 850,000 cores and 2.6 trillion transistors, 40 GB on-chip SRAM, 20 PB/s memory bandwidth and 220 Pb/s fabric bandwidth.

source ↗

Sep 2020
Office opened in Japan and partnership with Tokyo Electron

source ↗

Aug 2019
Cerebras announces WSE-1 wafer-scale engine and CS-1 system

First-generation Wafer-Scale Engine and the CS-1, a 19-inch rack-mounted appliance with a single WSE processor featuring 400,000 cores, 1.2 trillion transistors and 18 GB of memory.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Cerebras Systems do?
Cerebras designs and manufactures wafer-scale AI processors and systems for data centers, enabling high-speed AI training and inference workloads. The company serves AI infrastructure providers, research institutions, and cloud platforms globally.
Who founded Cerebras Systems?
Cerebras Systems was founded by Andrew Feldman, Gary Lauterbach, Michael James, Sean Lie, Jean-Philippe Fricker in 2015.
Who are Cerebras Systems's investors?
Cerebras Systems's investors include 2080 Ventures, Alpha Wave Global, Artisanal Ventures, Aurum Venture Partners, Azure Ventures Group, B Capital, Black Opal Ventures, Coatue Management and 46 more.
How much funding has Cerebras Systems raised?
Cerebras Systems has disclosed $5.5B raised across 1 of its 15 known rounds.
Is Cerebras Systems publicly traded?
Yes — Cerebras Systems trades on NASDAQ under the ticker CBRS.
Where is Cerebras Systems headquartered?
Cerebras Systems is headquartered in Sunnyvale, US.