Business · CNBC Technology
AI chipmaker Cerebras files to go public after scrapping IPO readies last year
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
◌ Single Source
In this article MSFT AMZN GOOGL CRWV Cerebras, a producer of chips that run artificial intelligence models, on Friday filed to go public on Nasdaq under the ticker symbol "CBRS.
Key facts
- In September, days before withdrawing the IPO paperwork, Cerebras said it had raised a $1.1 billion funding round at an $8.1 billion valuation
- In February, Cerebras said it raised $1 billion in financing at a $23 billion round
- Andrew Feldman, the startup's co-founder and CEO, sold server startup SeaMicro to AMD for $355 million in 2012
- Earlier this week Cerebras obtained from Morgan Stanley a revolving credit facility with access to up to $250 million, with an option to increase the limit to $850 million after the IPO
Summary
Cerebras said it had $24.6 billion in remaining performance obligations as of Dec. 31, with an expectation to recognize 15% of the sum in 2026 and 2027. In 2025, 24% of Cerebras' revenue came from G42, Friday's filing showed. But another customer, Mohamed bin Zayed University of Artificial Intelligence, a public institution based in the United Arab Emirates, provided 62% of revenue in 2025. OpenAI can buy an additional 1.25 gigawatts worth of computing power through Cerebras through 2030, according to the filing.
In March, Cerebras signed a deal with Amazon that will enable cloud services on top of Cerebras chips and allow the commerce company to buy about $270 million in Cerebras' Class N stock. On Oracle 's March earnings call, CEO Clay Magouyrk mentioned that the database and cloud company offers chips from Cerebras and other suppliers. Retail investors are thirsty for IPOs from large and growing technology companies after a relative drought that began in 2022. In September, days before withdrawing the IPO paperwork, Cerebras said it had raised a $1.1 billion funding round at an $8.1 billion valuation.