Cerebras Systems, a startup building what CEO Andrew Feldman describes as “the fastest AI hardware for training and inference,” has filed to go public.
The company had previously filed for an initial public offering in 2024, but that was delayed and ultimately pulled due to a federal review of the investment from Abu Dhabi-based G42. According to the Wall Street Journal, Cerebras raised a $1.1 billion Series G last year, followed by a $1 billion Series H in February at a valuation of $23 billion.
In recent months, the company announced a deal with Amazon Web Services to use Cerebra chips in Amazon’s data centers, as well as a deal with OpenAI reportedly worth more than $10 billion.
In a recent interview with WSJ, Feldman boasted, “Obviously[Nvidia]didn’t want to lose OpenAI’s high-speed inference business, so we took it from them.”
According to the filing, Cerebras had revenue of $510 million in 2025, with net income of $237.8 million (non-GAAP net loss of $75.7 million excluding certain one-time items).
One company did not disclose the amount raised in the IPO. A spokesperson said the offering is expected in mid-May.
