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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. As of May 2025, CNBC reported that Cerebras is hoping for an IPO this year, however, no official dates have been confirmed.
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 seven rounds. The company’s latest funding was raised on July 1, 2023, from a Secondary Market 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 | |
|---|---|---|---|---|---|---|
| 06/06/2024 | Series F-1 | $420MM | $xx.xx | $2.87B | Undisclosed Investors | |
|
Price per Share
$xx.xx
Shares Outstanding
28,649,385
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
Undisclosed Investors
|
||||||
| 11/10/2021 | Series F | $254.38MM | $xx.xx | $4.16B | Abu Dhabi Growth Fund, Alpha Wave Ventures, Altimeter Capital, Benchmark, Coatue, 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, Coatue, 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
|
||||||
With calendrical winter coming to an end in just over a month, the chilly IPO market could soon be much warmer. Literally and figuratively, the market is well-poised to enter an "IPO Spring," as Connor Group Managing Partner Jim Neesen called it in a recent Yahoo Finance interview.
This article was updated on October 4, 2024 following Cerebras' S-1 filing on September 30, 2024.
| Last Funding Round | ||||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Forge Price Change 5 | Last Closed Trade | Share Class | Post-Money Valuation | Price per Share | Amount Raised | |
 | OpenAI | $469.47 | -0.01% | $xx.xx | Funding Round | -- | -- | -- |
 | Anduril | $40.88 | -3.86% | $xx.xx | Series G | $30.5B | $xx.xx | $2.5B |
 | Figma | $38.00 | +0.03% | $xx.xx | Series E | $10B | $xx.xx | $200MM |
 | Kraken | $31.63 | +11.77% | $xx.xx | Series B | $5.52B | $xx.xx | $52.5MM |
 | Netskope | $14.50 | +8.45% | $xx.xx | Series H | $7.5B | $xx.xx | $300MM |
 | Shein | -- | -- | $xx.xx | -- | -- | -- | -- |
 | Klarna | $37.31 | +21.02% | $xx.xx | Unknown | -- | -- | -- |
 | Discord | $239.72 | +6.61% | $xx.xx | Series I | $15B | $xx.xx | $500MM |
 | HeartFlow | -- | -- | $xx.xx | Series E | $1.65B | $xx.xx | $305MM |
 | Figure | $5.68 | +3.09% | $xx.xx | Series D | $3.33B | $xx.xx | $220MM |
Updated on: Jul 9, 2025
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