Benchmark raises $225M in special funds to double down on Cerebras

February 7, 2026

TL;DR

Cerebras Systems raised $1 billion at a $23 billion valuation, a nearly threefold increase.
Benchmark Capital invested at least $225 million in Cerebras' latest funding round.
Cerebras' flagship Wafer Scale Engine chip is manufactured from nearly an entire silicon wafer, featuring 4 trillion transistors.
The company signed a multi-year agreement worth over $10 billion with OpenAI to provide 750 megawatts of computing power.
Cerebras plans a public debut in the second quarter of 2026.
Previous IPO plans were complicated by G42's ties to Chinese technology companies but G42 was later removed from Cerebras' investor list.

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