Add as a preferred source on GoogleTiger Global Discloses Cerebras Position Valued at $662.779 Million
The 2,999,000-share holding was valued as of June 30, after Tiger Global led Cerebras’ $1 billion Series H financing at an approximately $23 billion post-money valuation.
Tiger Global disclosed 2,999,000 shares of Cerebras Class A common stock valued at $662.779 million as of June 30, highlighting the investment firm’s exposure to the artificial-intelligence chipmaker.
The quarterly Form 13F was filed Aug. 14. It shows the shares’ quarter-end value but does not disclose the purchase price, purchase dates or whether the holding changed after June 30.
The disclosure follows Tiger Global’s role as lead investor in Cerebras’ $1 billion Series H financing announced Feb. 3. The funding valued Cerebras at approximately $23 billion after the round and included Benchmark, Fidelity Management & Research Company, Atreides Management, Alpha Wave Global, Altimeter, AMD, Coatue and 1789 Capital.
The financing involved 11,394,059 preferred shares sold at $89.0156 each. Cerebras develops AI processors, including its Wafer Scale Engine 3.
A separate Schedule 13G filed in May listed 3,496,222 Cerebras shares collectively beneficially owned by Tiger Global Management LLC and Charles P. Coleman III, equal to 9.99% of the company’s Class A common stock. That filing included 497,222 shares issuable upon conversion of Class B common stock.
Tiger Global Investments, L.P. separately listed 2,999,000 shares, or 8.69% of the class, in the same filing. The 13F and Schedule 13G use different reporting structures and do not establish how the holdings relate to one another.
The $662.779 million figure represents the reported quarter-end value of the shares, not confirmed investment capital. The filings also do not show whether Tiger Global changed its Cerebras holding after June 30.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.