Cerebras Systems, a US-based AI infrastructure company, has completed a $1.1bn Series G funding round, resulting in a post-money valuation of $8.1bn. The round was led by Fidelity Management & Research and Atreides Management, with additional participation from Tiger Global, Valor Equity Partners, and 1789 Capital. Existing investors Altimeter, Alpha Wave, and Benchmark also contributed to the funding. Citigroup and Barclays Capital acted as joint placement agents for the transaction. Cerebras Systems i ...