BestAITools
8,000+ AI tools already listed
8K+Tools
190K+/moViews
70K+/moVisitors

AI NewsAI chip startup Cerebras files for IPO

AI chip startup Cerebras files for IPO

2:02 AM IST · April 19, 2026

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,” hasfiled 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in 2024, but that was delayed due to a federal review of an investment from Abu Dhabi-based G42 and was ultimately withdrawn. Cerebrasraised a $1.1 billion Series Glast year, followed by a $1 billion Series H in February at a $23 billion valuation,according to the Wall Street Journal. In recent months, the company announcedan agreement with Amazon Web Servicesto use Cerebras chips in Amazon data centers, as well as a deal with OpenAIreportedly worth more than $10 billion. 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). A company has not disclosed how much it hopes to raise in the IPO. A spokesperson said the offering is planned for mid-May.

read more

BestAITools.online is an AI Tools Directory helping individuals, businesses, and creators discover the best AI tools for writing, coding, design, productivity, and more.

Submit AI Tools – The ultimate platform to discover, submit, and explore the best AI tools across various categories.Listed on codetrendy.com

© 2026 BestAITools.online, Product of 011BQ. All rights reserved.