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Cerebras IPO makes billions for Benchmark but VC Eric Vishria almost didn't take the meeting | TechCrunch

TechCrunch·Julie Bort·18 days ago
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The Cerebras Systems IPO was a smash hit on Thursday, generating billions for itself, its founders, and its major investors.  Among the big winners is major shareholder Benchmark, which owns 9.5% of the company. One of the firm’s general partners, Eric Vishria, has been a Cerebras board member since 2016, the year the AI chip maker was founded, having co-led its $25 million Series A round.  But these billions only happened for Benchmark because Vishria met with the startup almost against his will, he told TechCrunch.  “It was five founders and a deck, and it was our first hardware investment in 10 years,” Vishria told TechCrunch about that first meeting.…

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