Cerebras Files for IPO After 2024 Withdrawal, Targets Mid-May

Cerebras Systems, an AI chip startup, has filed for an initial public offering, according to TechCrunch. A company spokesperson told TechCrunch the offering is planned for mid-May, though Cerebras has not disclosed how much it hopes to raise.

TechCrunch reports that CEO Andrew Feldman describes the company's products as "the fastest AI hardware for training and inference." The filing was submitted to the SEC on April 18, 2026, per the registration document linked in the TechCrunch report.

Second Attempt After 2024 Withdrawal

According to TechCrunch, Cerebras previously filed for an IPO in 2024. That filing was delayed due to a federal review of an investment from Abu Dhabi-based G42 and was ultimately withdrawn, TechCrunch reports.

In the interim, the company raised substantial private capital. TechCrunch notes that Cerebras raised a $1.1 billion Series G in 2025, followed by a $1 billion Series H in February at a $23 billion valuation, citing the Wall Street Journal.

[Nvidia] didn't want to lose the fast inference business at OpenAI, and we took that from them.

That quote is attributed by TechCrunch to Feldman in a recent interview with the Wall Street Journal.

Reported Deals with AWS and OpenAI

TechCrunch reports that Cerebras announced an agreement with Amazon Web Services to use Cerebras chips in Amazon data centers. The article cites the Wall Street Journal's coverage of the AWS inference chips deal.

TechCrunch also references a separate Wall Street Journal report that Cerebras signed a deal with OpenAI reportedly worth more than $10 billion. DeepBrief has not independently verified the terms of either agreement; both figures are attributed to WSJ reporting cited by TechCrunch.

Financial Disclosures from the Filing

According to the filing as reported by TechCrunch, Cerebras brought in $510 million in revenue in 2025, with a net income of $237.8 million. TechCrunch notes that excluding certain one-time items, the company reported a non-GAAP net loss of $75.7 million.

TechCrunch did not report a target share price, proposed ticker symbol, or list of underwriters in the article summarizing the filing. The spokesperson cited by TechCrunch said the offering is planned for mid-May.