Cerebras Systems (NAS: CBRS)

Application Specific Semiconductors · Sunnyvale, CA · Founded 2015 · Publicly Held

Cerebras Systems Inc is an AI company. Cerebras Systems (NAS: CBRS) is based in Sunnyvale, CA and was founded in 2015. It is now publicly traded; this page covers its private-market history, where its last recorded valuation was $40.6 billion (May 2026). It has raised $11 billion across 14 recorded rounds; the latest was a $6.4 billion IPO in May 2026.

Last price · $/share
$103
May 2026
Implied valuation
$40.6B
Total raised
$11.0B
Last round
IPO
May 2026

Cerebras Systems (NAS: CBRS) key facts

  • Cerebras Systems Inc is an AI company.
  • Cerebras Systems (NAS: CBRS)’s last known valuation is $40.6B (May 2026).
  • It has raised $11.0B across 14 recorded rounds; the latest was IPO ($6.4B) in May 2026.
  • Notable investors include Fidelity Management & Research Company, Gaingels, Flybridge (New York), In-Q-Tel, Coatue Management — 57 tracked in total.
  • 7 institutional filers report fund marks on Cerebras Systems (NAS: CBRS) across 56 filings.
  • PrivateMarketView tracks 50 recorded secondary trades in Cerebras Systems (NAS: CBRS) shares.
  • Status: Publicly Held.
Valuation on record
$40.6B

Cerebras Systems (NAS: CBRS)’s last known valuation, May 2026. A PrivateMarketView mark is published once fund marks, secondary prints or a priced round let us confirm it.

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Secondary market

monthly marks · 41 months · Jan 2023 – May 2026 · ended
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Jan 2023marks: indicative $/share, month-end · series ended May 2026May 2026
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Cerebras Systems (NAS: CBRS) secondary trades

50 on record · Oct 2025 – May 2026

50 trades between Oct 2025 and May 2026. Exact dates, prices and structures are available to Pro members.

Oct 2025peak 14 prints / monthMay 2026
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Institutional fund marks on Cerebras Systems (NAS: CBRS)

7 filers · latest Jul 2026

7 SEC-registered funds reported 56 fair-value marks on Cerebras Systems (NAS: CBRS) between Sep 2025 and Jul 2026. Filer-level marks and implied $/share are available to Pro members.

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Cerebras Systems (NAS: CBRS) funding rounds

14 rounds
May 2026IPO$6.4B▮
Apr 2026General Corporate Purpose$850.0M▮
Apr 2026Debt - General$850.0M▮
Jan 2026Series H$1.1B▮
Dec 2025Secondary Transaction - Private$1.1B▮

Cerebras Systems (NAS: CBRS) leadership

Cerebras Systems (NAS: CBRS) valuation

Cerebras Systems (NAS: CBRS) is now publicly traded; this page covers its private-market history, where its last recorded valuation was $40.6 billion (May 2026). Secondary trades, fund marks and rounds below are the private-market record; the listed share price is not tracked here.

Recent activity

In the last 90 days, Cerebras Systems (NAS: CBRS)'s record added 8 institutional fund marks (latest period Jul 2026).

How much has Cerebras Systems (NAS: CBRS) raised?

Cerebras Systems (NAS: CBRS) has raised $11 billion across 14 recorded rounds since 2016. The largest was an $850 million general corporate purpose round in Apr 2026; the most recent was a $6.4 billion IPO in May 2026. 11 of the rounds disclosed a post-money valuation.

Cerebras Systems (NAS: CBRS) secondary market activity

50 secondary trades in Cerebras Systems (NAS: CBRS) shares are on record, between Oct 2025 and May 2026. The busiest recent months were Apr 2026 (14 prints) and Mar 2026 (12 prints). Exact dates, prices and structures are available to Pro members.

A monthly secondary-market price series for Cerebras Systems (NAS: CBRS) runs from Jan 2023 to May 2026 (41 months); the most recent quote is from May 2026.

Institutional holders and vehicles

7 SEC-registered funds reported 56 fair-value marks on Cerebras Systems (NAS: CBRS) between Sep 2025 and Jul 2026, in their N-PORT filings. Filer-level marks and implied per-share values are available to Pro members.

Cerebras Systems (NAS: CBRS) investors

57 investors are on record for Cerebras Systems (NAS: CBRS), including Fidelity Management & Research Company, Gaingels, Flybridge (New York) and In-Q-Tel. By type, the record holds 17 venture capital firms, 3 growth equity firms and 2 angel investors. The Series H in Jan 2026 drew 11 investors.

Who runs Cerebras Systems (NAS: CBRS)

17 people are listed on the Cerebras Systems (NAS: CBRS) team: 10 executives and 7 board members, including Gary Lauterbach (Chief Technology Officer) and Jean-Philippe Fricker (Executive). 17 of them have a verified direct contact on file.

Comparable companies

Comparable application specific semiconductors names by valuation on PrivateMarketView: Positron ($5 billion), Lightmatter ($4.6 billion) and SiFive ($3.6 billion).

About Cerebras Systems (NAS: CBRS)

Cerebras Systems Inc is an AI company. It designs the world's fastest AI infrastructure for training and inference. The company builds the world's largest semiconductor as well as the AI systems to power, cool, and feed the processors data. It develops software to link these systems together into industry-leading supercomputers that are simple to use even for the most complicated AI work, using familiar ML frameworks like PyTorch. Customers use its supercomputers to train industry-leading models. The company uses these supercomputers to run inference at speeds unobtainable from alternative commercial technologies. It delivers these AI capabilities to its customers on-premise and via the cloud. The company generates the majority of its revenue from the USA.

Industry
Application Specific Semiconductors
Sector
Information Technology
HQ
Sunnyvale, CA, United States
Founded
2015
Employees
784
Ownership
Publicly Held

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