Cerebras Systems specializes in building a new class of computer system designed to accelerate artificial intelligence (AI) work. Their mission focuses on developing the fastest AI hardware to address complex AI problems. With their recent introduction of Andromeda, the industry's largest supercomputer, partners can train large language models more efficiently, achieving higher accuracy and better results in less time and energy consumption. Cerebras Systems comprises a team of pioneering computer architects, computer scientists, deep learning researchers, and engineers committed to revolutionizing the future of AI work, enabling significant advancements in deep learning capabilities. The company competes with NVIDIA which owns +80% of the AI chip market share.
Cerebras is up 166.5% year to date and increased by 187.04% in the last 12 months. Cerebras was up by +18.45% at the end of last year. In the first quarter of 2024 it increased by 33.2% and +87.99% in the second quarter of this year.
Last Updated on August 30, 2024
Cerebras secured $1.1 billion across 7 funding rounds since its incorporation in 2016. In addition to 7 share classes of preferred stock, the company has issued 1 class of common stock.
The company’s funding round sizes quadrupled between 2017 and 2018 from $24.6 million to $128.2 million. It’s Series E in 2019 which totaled $273.3 million was twice the size of it’s Series D. Its most recent funding round was its Series F-1 which raised an estimated $399.9 million in June 2024.
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Yes. Cerebras is a private venture-backed company. Investors usually purchase preferred stock and employees typically receive common stock options or restricted stock units (RSUs) as part of their compensation.
Since it is not publicly listed, there is no Cerebras stock symbol or Cerebras ticker symbol assigned for Cerebras.
Private companies typically reserve a stock symbol up to two years prior to an IPO, and disclose this when they file a Form S-1 with the Security Exchange Commission when they start the IPO process.
If you own shares of a private company, it may be possible to find liquidity for your holdings before the company goes public. Finding the right private market broker can make all the difference as the best brokers can leverage deep industry relationships and negotiate on your behalf.
If you are interested in selling private stock you can reach out to Premier brokers for more information.
Private market transactions can be complex and may involve company approvals, legal purchase agreements and wires to third parties. Trades can take 30 - 60 days to complete which is why many investors work with experienced private market brokers to help guide the process.
Direct share transfers typically require issuer approvals. Issuers may exercise the right of first refusal (ROFR) in order to direct the seller to a buyer of their choosing.
Some issuers do not allow transactions. In these cases, buyers will need to purchase indirect interests in the business via special purpose vehicles (SPVs) or forward purchase contracts (forwards).
Cerebras stock does not trade publicly on Nasdaq or NYSE because it is still a private company. Cerebras stock might be available for purchase in the secondary markets, but Cerebras stock is not available for purchase by the general public, and can not be purchased through traditional brokerage accounts.
Only accredited investors and qualified purchasers can buy private stock. These investors buy pre-IPO stock in the secondary market from existing employees and investors.
To learn more about the market for Cerebras stock, talk to the best brokers on the planet.
Accredited investors can purchase shares in private companies like Cerebras. Investors can rely on Notice Premier Brokers to find supply and guide them through the trading process.
Because Cerebras is privately held, its stock is not available for purchase through public stock exchanges like the NYSE or Nasdaq. Retail investors can not access this stock via traditional brokerage accounts, and are not allowed to invest directly in Cerebras pre-IPO.
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