AI chip startup Cerebras files for IPO
Cerebra’s systemsa startup building what CEO Andrew Feldman describes as “the fastest AI hardware for training and inference” submitted for publication.
The company previously filed for an initial public offering in 2024, but that was postponed due to a federal review of an investment from Abu Dhabi-based G42 and was ultimately withdrawn. Cerebras raised a $1.1 billion Series G last year, followed by a $1 billion Series H in February at a $23 billion valuation. according to the Wall Street Journal.
The company announced this in recent months an agreement with Amazon Web Services to use Cerebras chips in Amazon’s data centers, as well as a deal with OpenAI reportedly worth more than $10 billion.
In a recent interview with the WSJ, Feldman boasted: “Obviously [Nvidia] We didn’t want to lose the fast inference with OpenAI, and we took that from them.”
According to the filing, Cerebras generated $510 million in revenue in 2025, with net income of $237.8 million (excluding certain one-time items, it was a non-GAAP net loss of $75.7 million).
One company has not disclosed how much it hopes to raise from its IPO. A spokesperson said the offering is scheduled for mid-May.
