We advised the underwriters on the IPO

Davis Polk advised the representatives of the several underwriters in connection with the initial public offering of 34,500,000 shares of Class A common stock of Cerebras Systems Inc., which included 4,500,000 shares sold pursuant to the underwriters’ over-allotment option. The common stock is listed on the Nasdaq Global Select Market under the ticker symbol “CBRS.”

Cerebras’s flagship technology, the Wafer-Scale Engine 3 (WSE-3), is the world’s largest and fastest commercialized AI processor. Fifty-eight times larger than a leading GPU chip, the WSE-3 uses a fraction of the power per unit compute while delivering inference up to 15 times faster than leading GPU-based solutions as benchmarked on leading open-source models.

The Davis Polk capital markets team included partners Alan F. Denenberg and Beth LeBow and associates Ryan Pham and Joon Ko. Partner Matthew J. Bacal and associate Anne Kim provided intellectual property advice. Partner Corey M. Goodman and associate Omar Hersi provided tax advice. Counsel Marcie A. Goldstein and Katia Brener provided FINRA advice. Members of the Davis Polk team are based in the Northern California and New York offices.

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