AI chip startup Cerebras files for IPO

Cerebras Systems, a startup building what CEO Andrew Feldman describes as “the fastest AI hardware for training and inference,” has filed to go public.

The company previously filed for an initial public offering in 2024, but that was delayed due to a federal review of an investment from Abu Dhabi-based G42 and was ultimately withdrawn. Cerebras raised a $1.1 billion Series G last year, followed by a $1 billion Series H in February at a $23 billion valuation, according to the Wall Street Journal.