Latham & Watkins Advises AMD in Cerebras Systems’ US$1 Billion Series H Financing

Cerebras Systems has announced the closing of a US$1 billion Series H financing at a post money valuation of approximately US$23 billion. The round was led by Tiger Global, with participation from Benchmark, Fidelity Management & Research Company, Atreides Management, Alpha Wave Global, Altimeter, AMD, Coatue, and 1789 Capital, among others.

Latham & Watkins LLP represented AMD in the transaction with a corporate deal team led by Bay Area partner Tad Freese and Orange County/Bay Area partner Nima Movahedi, with associates Christopher Siino and Chloe Wallace.