All posts tagged: Cerebras

Cerebras raises .5B, then stock pops 8%, in the first huge tech IPO of 2026

Cerebras raises $5.5B, then stock pops $108%, in the first huge tech IPO of 2026

Published by skeptic

Cerebras Systems raised $5.5 billion in its IPO on Thursday, pricing shares at $185 Wednesday evening, way higher than its range ($115 to $125, later raised to $150-$160), even as it increased the size of the offering to 30 million shares. It then opened to public trading at $385, more than double (up 108%), as retail investors bid up the price to grab them. The stock cooled only slightly soon after. It is currently trading heavily mid-day at above $330. Even at the IPO price of $185, the company entered its first day of trading at a fully-diluted valuation of $56.4 billion (meaning, accounting for all shares). Co-founder CEO Andrew Feldman’s stake at $185/share is worth nearly $1.9 billion, while co-founder CTO Sean Lie’s stake weighs in at about $1 billion. And obviously, if the above $300 price holds, the company and founders will end the day worth far more than that. A year ago, it looked like this day would never happen for Cerebras. The Nvidia competitor, which designed its giant chip from scratch, …

OpenAI’s cozy partner Cerebras is on track for a blockbuster IPO

OpenAI’s cozy partner Cerebras is on track for a blockbuster IPO

Published by skeptic

In the long-running saga that is Cerebras Systems’ IPO, the finish line is finally in sight. The AI chipmaker said on Monday that it is preparing to sell 28 million shares at $115 to $125 a share. This would raise $3.5 billion and give it a $26.6 billion market cap at the high end. That would be a nice bump in just a couple of months for the late investors who piled into its $1 billion Series H at a $23 billion valuation in February. It would also be a boon to OpenAI and a few of its executives. Should Cerebras pull off an initial public offering at or above the high end, this will be the largest tech IPO of 2026 so far. It could also prove the appetite for even bigger blockbuster offerings in the wings, like SpaceX and possibly OpenAI and Anthropic. Cerebras offers an AI-specific chip called the Wafer-Scale Engine 3 that challenges GPU-based AI chips. Cerebras says its chip is faster for inference while using less power than such competitors. …

AI chip startup Cerebras files for IPO

AI chip startup Cerebras files for IPO

Published by skeptic

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. In recent months, the company announced an agreement with Amazon Web Services to use Cerebras chips in Amazon data centers, as well as a deal with OpenAI reportedly 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 …

OpenAI deploys Cerebras chips for ‘near-instant’ code generation in first major move beyond Nvidia

OpenAI deploys Cerebras chips for ‘near-instant’ code generation in first major move beyond Nvidia

Published by skeptic

OpenAI on Thursday launched GPT-5.3-Codex-Spark, a stripped-down coding model engineered for near-instantaneous response times, marking the company’s first significant inference partnership outside its traditional Nvidia-dominated infrastructure. The model runs on hardware from Cerebras Systems, a Sunnyvale-based chipmaker whose wafer-scale processors specialize in low-latency AI workloads. The partnership arrives at a pivotal moment for OpenAI. The company finds itself navigating a frayed relationship with longtime chip supplier Nvidia, mounting criticism over its decision to introduce advertisements into ChatGPT, a newly announced Pentagon contract, and internal organizational upheaval that has seen a safety-focused team disbanded and at least one researcher resign in protest. “GPUs remain foundational across our training and inference pipelines and deliver the most cost effective tokens for broad usage,” an OpenAI spokesperson told VentureBeat. “Cerebras complements that foundation by excelling at workflows that demand extremely low latency, tightening the end-to-end loop so use cases such as real-time coding in Codex feel more responsive as you iterate.” The careful framing — emphasizing that GPUs “remain foundational” while positioning Cerebras as a “complement” — underscores the …

OpenAI’s cozy partner Cerebras is on track for a blockbuster IPO

Benchmark raises $225M in special funds to double down on Cerebras

Published by skeptic

This week, AI chipmaker Cerebras Systems announced that it raised $1 billion in fresh capital at a valuation of $23 billion — a nearly threefold increase from the $8.1 billion valuation the Nvidia rival had reached just six months earlier. While the round was led by Tiger Global, a huge part of the new capital came from one of the company’s earliest backers: Benchmark Capital. The prominent Silicon Valley firm invested at least $225 million in Cerebras’ latest round, according to a person familiar with the deal. Benchmark first bet on 10-year-old Cerebras when it led the startup’s $27 million Series A in 2016. Since Benchmark deliberately keeps its funds under $450 million, the firm raised two separate vehicles, both called ‘Benchmark Infrastructure,’ according to regulatory filings. According to the person familiar with the deal, these vehicles were created specifically to fund the Cerebras investment. Benchmark declined to comment. What sets Cerebras apart is the sheer physical scale of its processors. The company’s Wafer Scale Engine, its flagship chip announced in 2024, measures approximately 8.5 inches on each side and …

Nvidia-rival Cerebras Systems valued at .1 billion in latest financing

Nvidia-rival Cerebras Systems valued at $23.1 billion in latest financing

Published by Sam Flores

Feb 4 : AI chipmaker Cerebras Systems said on Wednesday it raised $1 billion in a late-stage funding round that valued it at $23 billion, nearly tripling its valuation just over four months after its previous financing. The round was led by Tiger Global. Other investors included Benchmark, Coatue and Donald Trump Jr.-backed 1789 Capital. AI-linked companies have continued to draw billions in private financing as corporations and governments race to develop data centers for supporting the still-nascent technology. The race has made the chips required for computing power in these data centers a prized commodity, fueling rival Nvidia’s meteoric rise to the most valuable company in the world. The fundraising marks Cerebras’ second billion-dollar round since September, when it was valued at $8.1 billion, reflecting the investor allure for a company that could grow to become a key player in the AI-chip supply chain alongside Nvidia and AMD, which also participated in the round. It comes at a time when key AI players are looking to diversify their chip supplies. Reuters reported on Monday …