AI chip startup Cerebras files for IPO
In recent months, the company announced an agreement with Amazon Web Services to use Cerebras chips in Amazon data centers, as well as a deal with OpenAI reportedly worth more than $10 billion.
TL;DR
- Cerebras Systems has filed to go public.
- A previous IPO filing in 2024 was delayed and withdrawn.
- The company raised $1.1 billion in Series G and $1 billion in Series H funding.
- Cerebras has agreements with Amazon Web Services and OpenAI.
- Revenue for 2025 was $510 million, with a reported net income and a non-GAAP net loss.
- The IPO offering is planned for mid-May.