Cerebras Systems, founded in 2015, challenges the traditional AI hardware market by building the Wafer-Scale Engine (WSE), the world's largest AI processor, which occupies nearly an entire silicon wafer. This radical design is the core driver of its financial and technological growth, attracting massive capital as a competitor to dominant GPU makers like Nvidia.

The company's financial growth is defined by rapidly increasing revenue and significant, large-scale funding rounds:

• Total Capital Raised: Cerebras has raised over $1.82 billion in equity funding since its founding.

• Revenue Tripling (2023): The company reported annual revenue of $78.7 million for 2023, which was a threefold surge from the $24.6 million reported in 2022. Net loss for 2023 was $127.2 million, down from the prior year.

• Massive Revenue Growth (2024): Revenue continued its explosive trajectory, reaching an estimated $500 million for the full year 2024, a 535% increase over 2023.

• Series F Valuation (Nov 2021): The company raised $250 million, valuing it at over $4 billion.

• Series G Valuation Jump (Sept 2025): Cerebras closed an oversubscribed $1.1 billion Series G funding round, which officially brought its post-money valuation to $8.1 billion.

• Strategic Growth Driver: A key factor in its revenue growth has been shifting from selling only hardware systems (the CS-3) to offering cloud-based AI compute services.

Riveting Fact: Cerebras's flagship chip, the Wafer-Scale Engine 3 (WSE-3), is 57 times larger than the largest competitor GPU and is the largest chip ever sold.