Fidelity Management & Research Company and Atreides Management led a $1.1bn Series G funding round in Cerebras Systems.

Fidelity Management & Research Company, an American multinational financial services corporation, and Atreides Management, an investment management firm, led a $1.1bn Series G funding round in Cerebras Systems, a company specializing in AI acceleration technology, with participation from Tiger Global, Valor Equity Partners, and 1789 Capital, as well as existing investors Altimeter, Alpha Wave Global, and Benchmark. "From our inception, we have been backed by the most knowledgeable investors in the industry. They have seen the historic opportunity that is AI and have chosen to invest in Cerebras are proud to expand our consortium of best-in-world investors,” Andrew Feldman, Cerebras co-founder and CEO.