Fenwick Represents Cerebras Systems in $250 Million Series F Financing

Fenwick represented Cerebras Systems, a developer of computing chips designed to accelerate AI, in its $250 million Series F financing. The round was led by Alpha Wave Ventures, along with Abu Dhabi Growth Fund, and additional investors Altimeter Capital, Benchmark Capital, Coatue Management, Eclipse Ventures, Moore Strategic Ventures and VY Capital.

Cerebras Systems will use the funds to further expand its business globally and deploy its industry leading CS-2 system to new customers. More information can be obtained from Cerebras Systems’ announcement.

The Fenwick transaction team was led by corporate partner Mark Leahy and included associates Trevor Lovell, Ryan McRobert and Jing Xu.