Cerebras Upcoming IPO: Computing going Public amidst AI fever
This article was updated on October 4, 2024 following Cerebras' S-1 filing on September 30, 2024.
Cerebras Systems was founded in 2016 by Andrew Feldman, Gary Lauterbach, Jean-Philippe Fricker, Michael James, and Sean Lie. Cerebras has confidentially filed for an IPO estimated to occur in H2 2024.
Cerbras Systems is a machine-learning manufacturer that offers a custom software suite for workload scalability. Per Forge data, Cerebras Systems has raised a total of $715 million in funding over 6 rounds. The company’s latest funding was raised on Nov 10, 2021, from a Series F round. Key investors include Alpha Wave Ventures, Eclipse Ventures, Foundation Capital, and Benchmark.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
09/15/2024 | Series F-1 | $85MM | $xx.xx | $2.84B | G42 | |
Price per Share
$xx.xx
Shares Outstanding
5,798,089
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
G42
|
||||||
11/10/2021 | Series F | $254.38MM | $xx.xx | $4.16B | Abu Dhabi Growth Fund, Alpha Wave Ventures, Altimeter Capital, Benchmark Capital, Coatue Management, Eclipse Ventures, G42, Moore Strategic Ventures, Vy Capital | |
Price per Share
$xx.xx
Shares Outstanding
9,168,419
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.9x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Abu Dhabi Growth Fund, Alpha Wave Ventures, Altimeter Capital, Benchmark Capital, Coatue Management, Eclipse Ventures, G42, Moore Strategic Ventures, Vy Capital
|
||||||
11/25/2019 | Series E | $273.35MM | $xx.xx | $2.42B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
14,916,649
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.3x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
11/14/2018 | Series D | $79.82MM | $xx.xx | $1.7B | Altimeter Capital, Benchmark, Coatue, Eclipse Ventures, Foundation Capital, Vy Capital | |
Price per Share
$xx.xx
Shares Outstanding
4,943,849
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.1x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Altimeter Capital, Benchmark, Coatue, Eclipse Ventures, Foundation Capital, Vy Capital
|
||||||
08/31/2017 | Series C | $65MM | $xx.xx | $860.24MM | Altimeter Capital, Benchmark, Eclipse Ventures, Foundation Capital, Secquia Capital | |
Price per Share
$xx.xx
Shares Outstanding
7,264,680
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Altimeter Capital, Benchmark, Eclipse Ventures, Foundation Capital, Secquia Capital
|
||||||
12/19/2016 | Series B | $25MM | $xx.xx | $249.79MM | Benchmark, Eclipse Ventures | |
Price per Share
$xx.xx
Shares Outstanding
9,076,079
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Benchmark, Eclipse Ventures
|
||||||
05/05/2016 | Series A | $26.97MM | $xx.xx | $67.43MM | Benchmark, Foundation Capital, Open Field Capital | |
Price per Share
$xx.xx
Shares Outstanding
31,731,394
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Benchmark, Foundation Capital, Open Field Capital
|