Cerebras Systems, a startup that CEO Andrew Feldman describes as “the fastest AI hardware for training and inference,” has applied to go public.
The company previously applied for an initial public offering (IPO) in 2024, but was delayed and eventually withdrawn due to a federal review of the investment by Abu Dhabi-based G42. Cerebras raised $1.1 billion in Series G funding last year at a valuation of $8.1 billion.
In recent months, the company signed a deal with Amazon Web Services to use Cerebras chips in Amazon data centers and also has a deal with OpenAI reportedly worth more than $10 billion.
In a recent interview with the Wall Street Journal, Feldman boasted, “Obviously (Nvidia) didn’t want to lose OpenAI’s fast inference business, and we took that from OpenAI.”
According to the filing, Cerebras had revenue of $510 million and net income of $237.8 million in 2025 (excluding certain one-time items, it had a non-GAAP net loss of $75.7 million).
One company did not disclose how much it would raise in the IPO. A spokesperson told WSJ the proposal is planned for mid-May.
