Cerebras Systems Acquisition | Technology Deal in CA

TSG Invest has completed the acquisition of Cerebras Systems, a enterprise software business in California, for $4.8 billion. Cerebras Systems is an AI chip maker building wafer-scale AI systems using a Wafer Scale Engine that integrates compute, memory, and interconnect on single-silicon architecture. Based in Sunnyvale, CA, the company reported $510 million in 2025 revenue and $237.8 million in non-GAAP net income, supporting demand for AI infrastructure and enterprise software acquisition opportunities. The technology M&A deal is categorized as other acquisition and is tied to Cerebras’ Nasdaq listing under ticker CBRS, with an offering of 30 million shares priced in the $150 to $160 range and joint lead bookrunners including Morgan Stanley, Citigroup, Barclays, and UBS.