[key points]

Key points

• •Benchmark raises $225M in special funds to double down on Cerebras.
• •Cerebras Systems raised $1 billion, reaching a valuation of $23 billion, with support from Benchmark Capital.
• •Cerebras' Wafer Scale Engine processors, with 4 trillion transistors, offer superior parallel computing power compared to traditional GPUs.
• •Cerebras signed a $10 billion agreement with OpenAI to provide 750 megawatts of computing power through 2028.
• •Cerebras is preparing for a public debut in the second quarter of 2026 after resolving issues related to its relationship with G42.