Cerebras closes $1 billion Series H at about $23 billion valuation

Cerebras closed a $1 billion Series H financing at a post-money valuation of about $23 billion, led by Tiger Global. Other investors named by the company included Benchmark, Fidelity, Altimeter, Coatue, AMD and 1789 Capital. The round came about three weeks after the OpenAI agreement and before the company's IPO filing.

• Round size: $1 billion (Series H)
• Post-money valuation: approximately $23 billion
• Lead investor: Tiger Global; participants include Benchmark, Fidelity, Altimeter, Coatue, AMD