Cerebras moves toward public listing with IPO filing

Cerebras Systems has officially filed to go public, marking a major step in the startup’s push into the competitive AI infrastructure market. The company is known for building what CEO Andrew Feldman describes as “the fastest AI hardware for training and inference.”

Cerebras had previously submitted plans for an initial public offering in 2024, but the process was delayed due to a federal review of an investment from Abu Dhabi-based G42. The IPO plan was eventually withdrawn, then revived with renewed momentum.

In the meantime, the company secured significant funding rounds, including a $1.1 billion Series G last year and a $1 billion Series H in February, valuing the company at $23 billion, according to the Wall Street Journal.

More recently, Cerebras has expanded its commercial partnerships. The company announced an agreement with Amazon Web Services to deploy its chips in Amazon data centres. It also entered into a major deal with OpenAI, reportedly worth more than $10 billion, strengthening its position in the AI compute ecosystem.

In a recent interview with the Wall Street Journal, Feldman made bold claims about the company’s competitive position, stating, “Obviously, [Nvidia] didn’t want to lose the fast inference business at OpenAI, and we took that from them,” referring to Nvidia. According to its filing, Cerebras generated $510 million in revenue in 2025 and reported net income of $237.8 million. However, when excluding certain one-time items, the company recorded a non-GAAP net loss of $75.7 million.

The company has not disclosed how much it plans to raise through the IPO. A spokesperson indicated that the public offering is currently scheduled for mid-May, though final details may still evolve as the listing process progresses.