By Stephen Nellis

SAN FRANCISCO (Reuters) -Cerebras Systems, a Silicon Valley startup aiming to take on Nvidia by producing a dinner-plate-sized AI computing chip, on Tuesday said it raised $1.1 billion and added 1789 Capital, the venture firm where Donald Trump Jr. is a partner, as an investor.

Cerebras said the funding round, which was led by Fidelity Management & Research Co and Atreides Management, brings the company’s valuation to $8.1 billion.

The deal added investors Tiger Global, Valor Equity Partners and 1789 Capital, the fund where President Donald Trump’s son is a partner. Cerebras CEO Andrew Feldman told Reuters in an interview that 1789’s involvement was led by Paul Abrahimzadeh, an investment banker and veteran of Citigroup, which Cerebras had previously tapped to lead an

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