AI chip startup Cerebras files for IPO - TechCrunch

Cerebras Systems has filed for an initial public offering. The AI chip startup, led by CEO Andrew Feldman, previously filed for an IPO in 2024 but withdrew that filing after a delay caused by a federal review of an investment from Abu Dhabi-based G42.

Cerebras develops wafer-scale AI chips designed for training and inference. The company has raised over $720 million in venture funding to date. The new filing indicates the company is proceeding with its plans to go public after the earlier regulatory hurdle.

The filing does not specify a target valuation or share price. It marks a significant step for the AI hardware sector, which has seen intense competition and investment. The outcome will depend on market conditions and regulatory approval.