AI chip startup Cerebras files for IPO
TechCrunch • • business
Key Points:
- Cerebras Systems, known for its advanced AI hardware, has filed to go public after previously delaying its IPO due to a federal review of an investment from Abu Dhabi-based G42.
- The company raised $1.1 billion in Series G funding last year and $1 billion in Series H funding in February, reaching a $23 billion valuation.
- Cerebras recently secured major deals with Amazon Web Services and OpenAI, with the latter reportedly worth over $10 billion, positioning itself as a competitor to Nvidia in AI inference.
- In 2025, Cerebras reported $510 million in revenue and a net income of $237.8 million, though it had a non-GAAP net loss of $75.7 million excluding certain one-time items.
- The IPO is planned for mid-May, but the company has not disclosed the amount it aims to raise.
