Cerebras Systems, a company that develops what its CEO Andrew Feldman calls "the fastest AI hardware for training and inference," has submitted paperwork for an initial public offering. The firm had previously attempted to go public in 2024, but that effort was postponed because of a U.S. government review concerning an investment from Abu Dhabi's G42, leading to the withdrawal of the filing. Last year, Cerebras secured $1.1 billion in a Series G funding round, which valued the company at $8.1 billion.

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In the past few months, the company revealed a partnership with Amazon Web Services to incorporate Cerebras chips into Amazon's data centers. It also entered into a deal with OpenAI, reported to be valued at over $10 billion. Feldman recently told the Wall Street Journal, "Obviously, [Nvidia] didn’t want to lose the fast inference business at OpenAI, and we took that from them."

According to the IPO filing, Cerebras generated $510 million in revenue for 2025, achieving a net income of $237.8 million. However, when excluding specific one-time items, the company reported a non-GAAP net loss of $75.7 million. Cerebras has not yet disclosed the amount it aims to raise through the public offering. A company spokesperson informed the Wall Street Journal that the IPO is scheduled for mid-May.