Abu Dhabi Growth Fund Invests in Cerebras Systems

Posted on 11/12/2021


Cerebras Systems (Cerebras Inc.) is a Sunnyvale, California-based AI chipmaker. The US$ 250 million Series F round was led by Alpha Wave Ventures, a global growth stage investor which is a partnership between Falcon Edge Capital and Chimera. Abu Dhabi Growth Fund (ADG) invested in the Series F round. Alpha Wave Ventures and ADG join a group of investors including Altimeter Capital, Benchmark Capital, Coatue Management, Eclipse Ventures, Moore Strategic Ventures, and VY Capital. The funding round enables Cerebras to further expand its business globally and deploy its CS-2 system to new customers. The capital raise gives the Cerebras Systems a valuation north of US$ 4 billion.

The Abu Dhabi Growth Fund is managed by Abu Dhabi Developmental Holding Company PJSC (ADQ).

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