Ai Chip Startup Cerebras Files For Ipo

Cerebras Systems, a startup building what CEO Andrew Feldman describes arsenic “the fastest AI hardware for training and inference,” has filed to spell public.

The institution antecedently revenge for an first nationalist offering successful 2024, but that was delayed owed to a national reappraisal of an finance from Abu Dhabi-based G42 and was yet withdrawn. Cerebras raised a $1.1 cardinal Series G astatine an $8.1 cardinal valuation past year.

In caller months, nan institution announced an statement pinch Amazon Web Services to usage Cerebras chips successful Amazon information centers, arsenic good arsenic a woody pinch OpenAI reportedly worthy much than $10 billion.

In a caller question and reply pinch nan Wall Street Journal, Feldman boasted, “Obviously, [Nvidia] didn’t want to suffer nan accelerated conclusion business astatine OpenAI, and we took that from them.”

Cerebras brought successful $510 cardinal successful gross successful 2025, according to nan filing, pinch a nett income of $237.8 cardinal (excluding definite one-time items, it was a non-GAAP nett nonaccomplishment of $75.7 million).

A institution has not disclosed really overmuch it hopes to raise successful nan IPO. A spokesperson told nan WSJ that nan offering is planned for mid-May.