tech
April 18, 2026
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- A previous IPO filing in 2024 was delayed and withdrawn.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.
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