Cerebras Systems, an AI chip startup, said it has raised $1 billion in a funding round led by Tiger Global, bringing its post-money valuation to $23 billion. The company said the new capital will be used to support development of its chip technology and expand its market reach. Alongside the financing announcement, Cerebras also disclosed an agreement with Gimlet Labs to supply up to 100 MW of AI compute capacity. Under the arrangement, Gimlet Labs will take over maintenance and operation of the AI systems after Cerebras completes delivery. The update was cited by Techub News, with Tech in Asia named as the source in the brief.
Cerebras Systems, an AI chip startup, has raised $1 billion in a funding round led by Tiger Global, giving the company a post-money valuation of $23 billion.
The company said it will use the proceeds to support development of its chip technology and expand its market presence.
Cerebras signs compute supply deal with Gimlet Labs
Cerebras also said it has reached an agreement with Gimlet Labs to supply up to 100 MW of AI compute capacity.
After Cerebras completes delivery, Gimlet Labs will be responsible for maintaining and operating the AI systems.
The brief cited Tech in Asia as the source.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
