AI chip startup Cerebras files for IPO

Cerebras Systems, a startup gathering what CEO Andrew Feldman describes arsenic “the fastest AI hardware for grooming and inference,” has filed to spell public.

The institution antecedently filed for an archetypal nationalist offering successful 2024, but that was delayed owed to a national reappraisal of an concern from Abu Dhabi-based G42 and was yet withdrawn. Cerebras raised a $1.1 cardinal Series G astatine an $8.1 cardinal valuation past year.

In caller months, the institution announced an statement with Amazon Web Services to usage Cerebras chips successful Amazon information centers, arsenic good arsenic a woody with OpenAI reportedly worthy much than $10 billion.

In a caller interrogation with the Wall Street Journal, Feldman boasted, “Obviously, [Nvidia] didn’t privation to suffer the accelerated inference concern astatine OpenAI, and we took that from them.”

Cerebras brought successful $510 cardinal successful gross successful 2025, according to the filing, with a nett income of $237.8 cardinal (excluding definite one-time items, it was a non-GAAP nett nonaccomplishment of $75.7 million).

A institution has not disclosed however overmuch it hopes to rise successful the IPO. A spokesperson told the WSJ that the offering is planned for mid-May.