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.netTechnology Hardware / Computing hardwareFounded: 2016Funding to Date: $5.63B
Cerebras is a semiconductor technology company which offers AI compute systems for machine learning and high-performance computing applications to enterprises. Cerebras’ systems are powered by its Wafer-Scale Engine, one of the world’s largest AI processors, designed to accelerate AI model training and inference. The company aims to provide transformative computing power, supporting breakthroughs in industries such as healthcare, energy, and scientific research. This company was founded by Andrew Feldman, Gary Lauterbach, Michael James, Sean Lie, and Jean-Philippe Fricker in 2016 and is headquartered in Sunnyvale, CA.
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
|
This article was updated on October 4, 2024 following Cerebras' S-1 filing on September 30, 2024.