Cerebras Systems, an innovative startup renowned for developing what CEO Andrew Feldman proudly labels as “the fastest AI hardware for training and inference,” has officially initiated the process to become a publicly traded company.
This isn't Cerebras's first attempt at an initial public offering; a previous filing in 2024 was postponed and subsequently withdrawn following a federal scrutiny of a significant investment from Abu Dhabi-based G42. The company successfully secured $1.1 billion in Series G funding last year, achieving an impressive valuation of $8.1 billion.
In recent developments, Cerebras has forged significant partnerships, including an agreement with Amazon Web Services (AWS) to integrate its advanced chips into Amazon's data centers. Furthermore, the company has reportedly secured a landmark deal with OpenAI, valued at an estimated $10 billion.
Highlighting their competitive edge, CEO Feldman confidently asserted in a recent interview with the Wall Street Journal, “Obviously, [Nvidia] didn’t want to lose the fast inference business at OpenAI, and we took that from them.”
The public filing reveals Cerebras's strong financial performance, reporting $510 million in revenue for 2025, alongside a net income of $237.8 million. It's noted that, when excluding certain one-time items, the company recorded a non-GAAP net loss of $75.7 million.
While Cerebras has yet to disclose its target fundraising amount for the IPO, a company spokesperson informed the Wall Street Journal that the offering is tentatively scheduled for mid-May.
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