Cerebras Systems, a pioneering startup recognized for developing what CEO Andrew Feldman terms "the fastest AI hardware for training and inference," has initiated the process to go public by filing for an initial public offering (IPO).
This marks a renewed effort after a previous IPO filing in 2024 was postponed due to a federal review concerning an investment from G42, a company based in Abu Dhabi. That attempt was eventually retracted. Last year, Cerebras successfully secured $1.1 billion in a Series G funding round, achieving a valuation of $8.1 billion.
Recently, Cerebras has made significant strides, including a partnership with Amazon Web Services to incorporate its chips into Amazon's data centers. Additionally, a lucrative collaboration with OpenAI has been established, reportedly exceeding $10 billion.
In a recent discussion with the Wall Street Journal, Feldman expressed confidence in their competitive edge, stating, "Obviously, [Nvidia] didn't want to lose the fast inference business at OpenAI, and we took that from them."
According to the latest filing, Cerebras generated $510 million in revenue in 2025, with a net income of $237.8 million. However, when excluding specific one-time items, the company recorded a non-GAAP net loss of $75.7 million.
While the exact amount Cerebras aims to raise through the IPO remains undisclosed, a company representative indicated that the offering is expected to occur around mid-May.
This IPO could potentially reshape the landscape of AI hardware, setting the stage for more innovation and competition in the tech sector.
