November 11 - 11:11
22D
AI chip startup Cerebras Systems raises $250m, valued at $4bn
AI chip startup Cerebras Systems has raised $250m in funding, taking the company's value to $4bn. The Series F round was led by Alpha Wave Ventures and takes the company's value to $720m. The funding round enables Cerebras to further expand its business globally and deploy its CS-2 system to new customers, while continuing to strengthen its position in the AI compute space.
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