Celebras CEO Andrew Feldman, the front row, second from the left, will be taking part in the ribbon cutting ceremony at the company’s data center in Oklahoma City on September 22, 2025.
Celebras
AI Chipmaker Cerebras was released exactly a year ago. The company hasn’t come to mind yet, but now it’s buying more time to maintain its private life.
Celebras said Tuesday it raised $1.1 billion in new funds at a $8.1 billion valuation as it was trying to take. nvidiaa booming market for the world’s most valuable company, the artificial intelligence chips.
In the IPO prospectus, Cerebras is called a designer of chips for training and execution of AI models, prioritizing the operation of cloud-based services that AI models can use to process incoming queries.
Shortly after Cerebras submitted its first public offer last September, the company faced public criticism that it was relying too much on its single Middle Eastern customer, G42. Celebras sought obstacles for clearance from a committee of the Treasury’s Department of Commission on Foreign Investment in the US or CFIUS, in order to give the G42 a greater stand.
Despite the long delays, private market investors are bullish enough to roughly double the company’s valuation from $4 billion in 2021. Co-founder and CEO Andrew Feldman said in an interview that Celebrus is still about to make a public release.
“I don’t think this shows a preference for either one,” he said. “I think there are a huge opportunity right in front of us, and I think it’s a good habit when you have a huge opportunity so that you don’t bring them down on the roadside due to a lack of capital.”
Feldman told reporters in May that the startup was aiming to be released in 2025.
There are many high value AI companies that are raising large amounts of money in the private market.
Databricks, a data analytics software seller, recently said it has closed its $1 billion funding round at a valuation of over $100 billion. Openai said last week that Nvidia plans to invest up to $100 billion in the company as it is building its data center, and that humanity announced $13 billion in funding at a valuation of $183 billion in early September.
Investors in Celebras’ funding round include 1789 Capital, Alpha Wave, Altimeter Capital, Atlaid Management, Benchmark, Fidelity, Tiger Global and Valor Equity Partners.
“Along with investors, everyone will be proud to make your IPO a cornerstone,” Feldman said. The new money will allow for the expansion of US manufacturing, he said.
rear Taiwan Semiconductor Manufacturing It produces Celebras chip wafers and is packaged in the US as demand increases, and Celebras plans to hire more people to concentrate on production.
“We’re going to increase our manufacturing capacity eight times the last 18 months, and we’re going to quadruple the next six or eight months,” Feldman said.
Feldman refused to talk about his recent finances. The company generated approximately $70 million in revenue in the second quarter of 2024, but was less than $6 million for the previous year.
This year, Celebras discussed the business that was picked up from hugging her face, Metaconcepts and confusion.
Monitoring: Andrew Feldman, CEO of Celebras on growing demand
