AI chip startup Cerebras Systems has filed to go public, targeting a mid-May offering, after a previous IPO attempt in 2024 was withdrawn following a federal review of an Abu Dhabi investment. CEO Andrew Feldman has positioned the company as the maker of the fastest AI hardware for training and inference.
The filing follows a $1 billion Series H round earlier this year valuing Cerebras at $23 billion. The company recently secured a deal with Amazon Web Services to supply chips for its data centres, alongside a reported $10 billion-plus agreement with OpenAI — a win Feldman described as displacing Nvidia from OpenAI’s inference business.
Cerebras reported $510 million in revenue for 2025. The IPO raise amount has not been disclosed.