Cerebras Systems, the AI inference chip company, has closed a $1-billion Series H financing at a post-money valuation of about $23 billion.
The funding round was led by Tiger Global, with participation from Benchmark, Fidelity Management & Research Company, Atreides Management, Alpha Wave Global, Altimeter, AMD, Coatue, and 1789 Capital, among others.
The announcement comes as the AI chip maker aims to expand its technology and commercial reach following earlier rounds and strategic repositioning. The investment will support scaling operations and technology development, the company said.
Cerebras has seen rapid valuation growth; a funding round in September 2025 valued the company at about $8.1 billion. The latest capital infusion nearly triples that valuation in just a few months.
Cerebras is known for building large-scale processors for AI workloads, positioning itself as a rival to other chip makers in the AI infrastructure space. Its technology focuses on high-performance training and inference for large machine-learning models.
Last month, the company also announced a collaboration with TCS to help enterprises move AI from pilot projects into full-scale production across industries. The partnership focused on generative AI, hybrid cloud, high-performance computing, and AI-powered digital workplaces, as companies struggle to turn experimentation into real business outcomes.
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