Inference · TechCrunch
AI chip outfit Cerebras files for IPO
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Cerebras Systems, a startup building what CEO Andrew Feldman describes as “the fastest AI hardware for training and inference,” has filed to go public.
Key facts
- Cerebras raised a $1.1 billion Series G last year, followed by a $1 billion Series H in February at a $23 billion valuation
- Cerebras Systems, a startup building what CEO Andrew Feldman describes as “the fastest AI hardware for training and inference,” has filed to go public
- 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
Summary
Cerebras raised a $1.1 billion Series G last year, followed by a $1 billion Series H in February at a $23 billion valuation, . In a recent interview with the WSJ, Feldman boasted, “Obviously, [Nvidia] didn’t want to lose the fast inference business at OpenAI, and we took that from them.” Cerebras brought in $510 million in revenue in 2025, according to the filing, with a net income of $237.8 million (excluding certain one-time items, it was a non-GAAP net loss of $75.7 million).