Chipmaker Cerebras in Talks to Raise $1 Billion at a $22 Billion Valuation

AI chip startup Cerebras Systems is in talks to raise about $1 billion, valuing the company at $22 billion before the new investment, as the chipmaker prepares to go public this year, according to people with knowledge of the discussions.

That’s a big jump from its last private valuation of $8.1 billion in September 2025, when it raised $1.1 billion from investors such as Fidelity Management and Atreides Management.