Cerebras Systems, a startup that CEO Andrew Feldman refers to as “the quickest AI hardware for training and inference,” has initiated the process to become a publicly traded company.

The firm had previously attempted an initial public offering in 2024, but this was postponed due to a federal examination of a funding from G42, an investment firm based in Abu Dhabi, and was ultimately retracted. Last year, Cerebras secured $1.1 billion in a Series G funding round, followed by a $1 billion Series H in February, achieving a valuation of $23 billion, as reported by the Wall Street Journal.

In recent times, the company announced a partnership with Amazon Web Services to implement Cerebras chips within Amazon’s data centers, in addition to a reported $10 billion deal with OpenAI.

In a recent discussion with the WSJ, Feldman stated confidently, “Clearly, [Nvidia] did not want to forfeit the fast inference market at OpenAI, and we successfully acquired that from them.”

According to the filing, Cerebras generated $510 million in revenue in 2025, with a net income of $237.8 million (adjusted for specific one-time items, it resulted in a non-GAAP net loss of $75.7 million).

The company has not revealed the amount it aims to collect from the IPO. A representative indicated that the launch is tentatively scheduled for mid-May.