AI chip startup Cerebras files for IPO

Cerebras Systems, a startup building what CEO Andrew Feldman describes as “the fastest AI hardware for training and inference,” has filed to go public. This also touches on aspects of Android.

The organization previously filed for an initial public offering in 2024, but that was delayed due to a federal review of an investment from Abu Dhabi-based G42 and was ultimately withdrawn.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.

In recent months, the enterprise declared an agreement with Amazon Web Services to utilize Cerebras chips in Amazon 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] didn’t want to lose the fast inference business at OpenAI, and we took that from them.”

Cerebras brought in $510 million in revenue in 2025, with a net income of , according to the filing$237.8 million (excluding certain one-time items, it was a non-GAAP net depletion of $75.7 million).

A organization has not disclosed how much it hopes to raise in the IPO. A spokesperson mentioned the offering is planned for mid-May.

Topics

Anthropic’s relationship with the Trump administration seems to be thawing

Kevin Weil and Bill Peebles exit OpenAI as firm continues to shed ‘side quests’

Sources: Cursor in talks to raise $2B+ at $50B valuation as enterprise growth surges

Latest in AI

In Brief

Tesla brings its robotaxi service to Dallas and Houston

AI chip startup Cerebras files for IPO

AI Disclosure: This article has been generated and curated using advanced AI technology. While we strive for absolute accuracy, some details may be summarized or translated by autonomous systems. Please cross-reference critical financial data with official sources.