Foundation Capital

“It's massive validation for early-stage investors like Benchmark, Foundation Capital and Eclipse Ventures, which backed Cerebras at a time when chips were out of VC fashion. Let alone a chipmaker whose thesis was heavy in memory.”

“Cerebras raised $5.55 billion after opening at $185, the high end of its range, and reached $385 before closing at $311, for a market value of $95 billion.”

“Foundation Capital had a particularly impressive return on its investment: the firm put in only $36.8 million, which at Thursday's closing price would be a 129x multiple... Coatue and Altimeter were big growth investors but no longer make the 5% stakeholder cut off for the 2026 S-1.”