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Cerebras was founded in 2015 by Andrew Feldman, Gary Lauterbach, Michael James, Sean Lie and Jean-Philippe Fricker.<ref name=":2">{{Cite web|last=Tilley|first=Aaron|title=AI Chip Boom: This Stealthy AI Hardware Startup Is Worth Almost A Billion|url=https://www.forbes.com/sites/aarontilley/2017/08/31/ai-chip-cerebras-systems-investment/|access-date=2021-04-30|website=Forbes|language=en}}</ref> These five founders worked together at [[SeaMicro]], which was started in 2007 by Feldman and Lauterbach and was later sold to AMD in 2012 for $334 million.<ref>{{Cite web|last=Hardy|first=Quentin|date=2012-02-29|title=A.M.D. Buying SeaMicro for $334 Million|url=https://bits.blogs.nytimes.com/2012/02/29/a-m-d-buying-seamicro-for-334-million/|access-date=2021-04-30|website=Bits Blog|language=en-US}}</ref><ref>{{Cite magazine|title=How Google Spawned The 384-Chip Server|language=en-US|magazine=Wired|url=https://www.wired.com/2012/01/seamicro-and-google/|access-date=2021-04-30|issn=1059-1028}}</ref>
In May 2016, Cerebras secured $27 million in [[series A funding]] led by [[Benchmark (venture capital firm)|Benchmark]], [[Foundation Capital]] and Eclipse Ventures.<ref>{{Cite web|title=A stealthy startup called Cerebras raised around $25 million to build deep learning hardware|url=https://
In December 2016, [[series B funding]] was led by [[Coatue Management|Coatue]], followed in January 2017 with series C funding led by VY Capital.<ref name=":2" />
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In November 2018, Cerebras closed its series D round with $88 million, making the company a [[Unicorn (finance)|unicorn]]. Investors in this round included [[Altimeter Capital|Altimeter]], VY Capital, Coatue, Foundation Capital, Benchmark, and Eclipse.<ref>{{Cite web|last=Martin|first=Dylan|date=2019-11-27|title=AI Chip Startup Cerebras Reveals 'World's Fastest AI Supercomputer'|url=https://www.crn.com/news/components-peripherals/ai-chip-startup-cerebras-systems-raises-88-million-series-d-round|access-date=2021-04-30|website=CRN}}</ref><ref name=":3">{{Cite web|last=Strategy|first=Moor Insights and|title=Cerebras Unveils AI Supercomputer-On-A-Chip|url=https://www.forbes.com/sites/moorinsights/2019/08/19/cerebras-unveils-ai-supercomputer-on-a-chip/|access-date=2021-04-30|website=Forbes|language=en}}</ref>
On August 19, 2019, Cerebras announced its Wafer-Scale Engine (WSE).<ref name=":4">{{Cite news|last=Metz|first=Cade|date=2019-08-19|title=To Power A.I., Start-Up Creates a Giant Computer Chip|language=en-US|work=The New York Times|url=https://www.nytimes.com/2019/08/19/technology/artificial-intelligence-chip-cerebras.html|access-date=2021-04-30|issn=0362-4331}}</ref><ref name=":5">{{Cite web|title=The Cerebras CS-1 computes deep learning AI problems by being bigger, bigger, and bigger than any other chip|url=https://
In November 2019, Cerebras closed its series E round with over $270 million for a valuation of $2.4 billion.<ref>{{Cite news|title=Cerebras Crams More Compute Into Second-Gen 'Dinner Plate Sized' Chip|work=EE Times|url=https://www.eetimes.com/cerebras-crams-more-compute-into-second-gen-dinner-plate-sized-chip/|access-date=2021-05-12}}</ref>
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