Cerebras Systems, a startup creating what CEO Andrew Feldman calls “the fastest AI hardware for training and inference,” has filed to go public.
The company initially filed for an IPO in 2024, but it was postponed due to a federal review of an investment from Abu Dhabi-based G42 and eventually withdrew. Cerebras raised a $1.1 billion Series G last year, followed by a $1 billion Series H in February, valuing the company at $23 billion, according to the Wall Street Journal.
Recently, the company announced an agreement with Amazon Web Services to use Cerebras chips in Amazon data centers, along with a deal with OpenAI reportedly worth more than $10 billion.
In a WSJ interview, Feldman stated, “Obviously, [Nvidia] didn’t want to lose the fast inference business at OpenAI, and we took that from them.”
Cerebras reported $510 million in revenue in 2025, with a net income of $237.8 million (excluding one-time items, it was a non-GAAP net loss of $75.7 million).
The company has not disclosed its IPO fundraising target. A spokesperson mentioned the offering is planned for mid-May.