Cerebras

Cerebras Systems, founded in 2016, is a pioneering AI hardware manufacturer specializing in wafer-scale technology designed for demanding artificial intelligence workloads. The company’s flagship product, the CS-3 system, features the Wafer Scale Engine 3 (WSE-3), the largest and fastest chip ever created, which significantly enhances AI training and processing capabilities. Unlike traditional AI chips that require complex clustering, Cerebras' single-chip design simplifies scaling and reduces data movement, resulting in faster processing and lower power consumption.

With an estimated revenue of $272 million for 2024, Cerebras is experiencing remarkable growth, projected at 245% year-over-year. A strategic partnership with G42, which accounts for 87% of its revenue, underscores the company’s strong market position. Cerebras not only sells high-end hardware but also offers professional services and cloud-based access to its systems, creating multiple revenue streams that cater to organizations with substantial AI computing needs.

Cerebras stands out in a competitive landscape dominated by NVIDIA and other chipmakers by focusing on the unique advantages of its wafer-scale architecture, which is particularly suited for training large AI models. As the AI hardware market is expected to reach nearly $250 billion by 2030, Cerebras is well-positioned to expand its influence across various sectors, including healthcare, finance, and national security, while also venturing into inference capabilities to meet the growing demand for real-time AI applications.