Cerebras revenue and valuation
Specter estimates Cerebras' annual revenue at $460M to $1.24B and its valuation at $31.7B to $53.2B. The company last reported $720M revenue in June 2026 and was priced at $23B in February 2026.
- Estimated revenue
- $460M–$1.24B
- Estimated valuation
- $31.7B–$53.2B
- Reported revenue
- $720M
- Total funding
- $4.67B
- Founded
- 2016
- Headquarters
- Sunnyvale, United States
- Employees
- 1,063
Cerebras revenue
Cerebras grew from $413M revenue in June 2025 to $720M in June 2026. Specter's model puts current revenue between $460M and $1.24B, anchored to six reported figures.
Monthly data
| Month | Specter estimate | Low | High | Reported revenue |
|---|---|---|---|---|
| $750M | $460M | $1.24B | ||
| $760M | $490M | $1.19B | ||
| $790M | $570M | $1.09B | ||
| $770M | $600M | $990M | ||
| $720M | $600M | $870M | $720M | |
| $740M | $540M | $1B | ||
| $760M | $580M | $980M | ||
| $770M | $640M | $930M | $774M | |
| $670M | $480M | $940M | ||
| $590M | $450M | $760M | ||
| $510M | $420M | $610M | $510M | |
| $490M | $280M | $870M | ||
| $480M | $280M | $790M | ||
| $460M | $300M | $700M | ||
| $440M | $330M | $590M | ||
| $430M | $340M | $540M | ||
| $410M | $340M | $500M | $413M | |
| $280M | $96M | $460M | ||
| $230M | $93M | $360M | ||
| $131M | $27M | $240M | ||
| $122M | $27M | $220M | ||
| $122M | $27M | $220M | ||
| $123M | $28M | $220M | ||
| $137M | $20M | $250M | ||
| $133M | $23M | $240M | ||
| $147M | $25M | $270M | ||
| $109M | $22M | $195M | ||
| $173M | $44M | $300M | ||
| $168M | $40M | $300M |
| Date | Reported revenue | Source |
|---|---|---|
| $720M | ||
| $774M | ||
| $2.04B | ||
| $774M | ||
| $510M | ||
| $413M |
Cerebras valuation
Cerebras' valuation rose from $89.7M at its Series A in May 2016 to $23B at its Series H in February 2026. Specter's live estimate sits between $31.7B and $53.2B.
Monthly data
| Month | Specter estimate | Low | High | Reported valuation |
|---|---|---|---|---|
| $41.1B | $31.7B | $53.2B | ||
| $39B | $30.6B | $49.7B | ||
| $38.9B | $31.2B | $48.7B | ||
| $37.4B | $30.6B | $45.6B | ||
| $38B | $31.6B | $45.7B | $38B (press) | |
| $56.4B | $46.9B | $67.8B | $56.4B (press) | |
| $41.8B | $33.9B | $51.6B | ||
| $31B | $25.5B | $37.8B | ||
| $23B | $19.1B | $27.6B | $23B (round) | |
| $13.6B | $11.2B | $16.4B | ||
| $8B | $6.65B | $9.62B | $8B (press) | |
| $8.05B | $6.6B | $9.81B | ||
| $8.1B | $6.74B | $9.74B | $8.1B (press) | |
| $8.1B | $6.74B | $9.74B | $8.1B (round) | |
| $8.53B | $5.46B | $13.3B | ||
| $8.99B | $6B | $13.5B | ||
| $9.47B | $6.36B | $14.1B | ||
| $9.98B | $6.46B | $15.4B | ||
| $10.5B | $6.8B | $16.3B | ||
| $11.1B | $6.38B | $19.2B | ||
| $11.7B | $6.59B | $20.7B | ||
| $12.3B | $6.37B | $23.7B | ||
| $13B | $7.02B | $23.9B | ||
| $13.7B | $8.07B | $23.1B | ||
| $14.4B | $9.07B | $22.8B | ||
| $15.2B | $11.1B | $20.7B | ||
| $16B | $9.62B | $26.5B | ||
| $16.8B | $12.6B | $22.5B | ||
| $17.7B | $13.4B | $23.5B |
Cerebras funding rounds
| Date | Round | Raised | Post-money valuation | Lead investors |
|---|---|---|---|---|
| Debt financing | $850M | Undisclosed | Undisclosed | |
| Series H | $1B | $23B | Tiger Global Management, Atreides Management, Fidelity | |
| Debt financing | $1B | Undisclosed | OpenAI | |
| Secondary | Undisclosed | Undisclosed | Undisclosed | |
| Series G | $1.1B | $8.1B | Atreides Management, Fidelity | |
| Venture round | Undisclosed | Undisclosed | Undisclosed | |
| Secondary | Undisclosed | Undisclosed | Undisclosed | |
| Series F | $250M | $4B | Alpha Wave Ventures | |
| Series E | $272M | $2.67B | Undisclosed | |
| Series D | $81M | $1.78B | Undisclosed | |
| Series C | $65M | $865M | Vy Capital | |
| Series B | $25M | $245M | Coatue | |
| Series A | $27.2M | $89.7M | Eclipse, Foundation Capital, Benchmark |
Cerebras competitors
AI compute providers compete by balancing extreme model training power against efficient, low-latency inference performance.
| Company | Revenue | Valuation |
|---|---|---|
| $460M–$1.24B | $31.7B–$53.2B | |
| $236B–$384B | $4.73T–$17.3T | |
| $40B–$58.3B | $44B–$278B | |
| $49.8B–$72B | $43.5B–$369B | |
| $42M–$310M | $9.15B–$14.4B |
Cerebras revenue and valuation FAQ
What is Cerebras' revenue?
Specter estimates Cerebras' annual revenue at $460M to $1.24B as of October 2026. Cerebras last reported $720M revenue in June 2026, up from $413M in June 2025.
What is Cerebras' valuation?
Cerebras' latest post-money valuation is $23B, from a February 2026 Series H. Specter's live estimate is $31.7B to $53.2B.
What is Cerebras' revenue multiple?
Cerebras is valued at about 31.9× revenue, based on its $23B February 2026 valuation and $720M last reported revenue. That works out to roughly $678K of revenue per employee.
How much funding has Cerebras raised?
$4.67B across 13 rounds, from a $27.2M Series A in May 2016 to an $850M debt financing in April 2026.
Who invested in Cerebras?
28 investors, including Alpha Wave Ventures, Atreides Management, Fidelity, OpenAI, Tiger Global Management and Vy Capital.
Who are Cerebras' competitors?
NVIDIA, AMD, Intel Corporation and SambaNova Systems. Specter ranks 30 competitors for Cerebras.