Cerebras Systems Inc. (CBRS)

Cerebras Systems will go public soon, but the exact IPO date is still unknown.
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Market Cap n/a
Revenue (ttm) 206.48M
Net Income (ttm) -115.94M
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About CBRS

Cerebras is an AI company. We design processors for AI training and inference. We build AI systems to power, cool, and feed the processors data. We develop software to link these systems together into industry-leading supercomputers that are simple to use, even for the most complicated AI work, using familiar ML frameworks like PyTorch. Customers use our supercomputers to train industry-leading models. We use these supercomputers to run inference at speeds unobtainable on alternative commercial technologies. We deliver these AI capabilities to ... [Read more]

Sector Technology
Founded 2016
Employees 401
Stock Exchange NASDAQ
Ticker Symbol CBRS
Full Company Profile

Financial Performance

Financial numbers in USD Financial Statements

News

Cerebras Systems' IPO is further delayed

AI chipmaking company Cerebras Systems' IPO is delayed again as the public listing's national security review drags on.

2 days ago - TechCrunch

Exclusive: Cerebras IPO further delayed as US national security review drags on

Cerebras Systems executives were hoping the Trump administration would wave through a national security review that has left the AI chipmaker's IPO in limbo for months, five sources familiar with the ...

2 days ago - Reuters

AI Needs More Power, Cerebras CEO Says

Power limitations are driving up the cost of AI, says Andrew Feldman, Cerebras CEO. He joins Caroline Hyde on "Bloomberg Technology".

16 days ago - Bloomberg Technology

Cerebras Announces Six New AI Datacenters Across North America and Europe to Deliver Industry's Largest Dedicated AI Inference Cloud

SUNNYVALE, Calif.--(BUSINESS WIRE)--Cerebras Systems, the pioneer in accelerating generative AI, today announced the launch of six new AI inference datacenters powered by Cerebras Wafer-Scale Engines....

16 days ago - Business Wire

Hugging Face Partners with Cerebras to Give Developers Access to Industry's Fastest AI Inference for Open-Source Models

SUNNYVALE, Calif.--(BUSINESS WIRE)--Cerebras and Hugging Face today announced a new partnership to bring Cerebras Inference to the Hugging Face platform. HuggingFace has integrated Cerebras into Huggi...

16 days ago - Business Wire

Cerebras Bolsters Leadership Team with Appointment of New CISO, EVP of Worldwide Sales, and SVP of AI Cloud and Inference

SUNNYVALE, Calif.--(BUSINESS WIRE)--Cerebras Systems, the pioneer in accelerating generative AI, today announced the appointment of Naor Penso as Chief Information Security Officer (CISO), Alex Varel ...

22 days ago - Business Wire

Cerebras-Perplexity deal targets $100B search market with ultra-fast AI

Cerebras and Perplexity AI partner to launch ultra-fast Sonar search model running at 1,200 tokens per second, challenging traditional search engines with specialized AI chips and near-instant results...

6 weeks ago - VentureBeat

Cerebras Powers Perplexity Sonar with Industry's Fastest AI Inference

SUNNYVALE, Calif.--(BUSINESS WIRE)--Cerebras Systems, the pioneer in accelerating generative AI, today announced its pivotal role in powering Sonar, a groundbreaking model optimized for Perplexity sea...

6 weeks ago - Business Wire

AI chip firm Cerebras partners with France's Mistral, claims speed record

Cerebras Systems, an artificial intelligence chip firm backed by UAE tech conglomerate G42, said on Thursday it has partnered with France's Mistral and has helped the European AI player achieve a spee...

7 weeks ago - Reuters

Alan Chhabra Joins Cerebras as Executive Vice President of Worldwide Partnerships

SUNNYVALE, Calif.--(BUSINESS WIRE)--Cerebras Systems, the pioneer in accelerating generative AI, today announced the appointment of Alan Chhabra as EVP of Worldwide Partnerships. In this role, Chhabra...

7 weeks ago - Business Wire

Cerebras becomes the world's fastest host for DeepSeek R1, outpacing Nvidia GPUs by 57x

Cerebras Systems launches DeepSeek's R1-70B AI model on its wafer-scale processor, delivering 57x faster speeds than GPU solutions and challenging Nvidia's AI chip dominance with U.S.-based inference ...

2 months ago - VentureBeat

Cerebras Launches World's Fastest DeepSeek R1 Distill Llama 70B Inference

SUNNYVALE, Calif.--(BUSINESS WIRE)--Cerebras Systems, the pioneer in accelerating generative AI, today announced record-breaking performance for DeepSeek-R1-Distill-Llama-70B inference, achieving more...

2 months ago - Business Wire

Cerebras Systems teams with Mayo Clinic on genomic model that predicts arthritis treatment

Cerebras Systems has teamed with Mayo Clinic to create an AI genomic foundation model that predicts the best medical treatments.

2 months ago - VentureBeat

Cerebras Systems and Mayo Clinic Unveil Best in Class Genomic Foundation Model

ROCHESTER, Minn. & SUNNYVALE, Calif.--(BUSINESS WIRE)--Cerebras Systems, in collaboration with Mayo Clinic, announced significant progress in developing artificial intelligence tools to advance patien...

2 months ago - Business Wire

Cerebras Demonstrates Trillion Parameter Model Training on a Single CS-3 System

SUNNYVALE, Calif. & VANCOUVER, British Columbia--(BUSINESS WIRE)--Today at NeurIPS 2024, Cerebras Systems, the pioneer in accelerating generative AI, today announced a groundbreaking achievement in co...

3 months ago - Business Wire

Cerebras Launches CePO, Enabling Realtime Reasoning Capabilities for Llama AI Models

SUNNYVALE, Calif. & VANCOUVER, British Columbia--(BUSINESS WIRE)--Today at NeurIPS 2024, Cerebras Systems, the pioneer in accelerating generative AI, announced CePO (Cerebras Planning and Optimization...

3 months ago - Business Wire

Cerebras Appoints Tom Lantzsch to Board of Directors

SUNNYVALE, Calif.--(BUSINESS WIRE)--Cerebras Systems, the pioneer in accelerating generative AI, today announced the appointment of Thomas (Tom) Lantzsch as a new independent board member. Lantzsch is...

4 months ago - Business Wire

Cerebras Sets New World Record in Molecular Dynamics at 1.1 Million Simulations per Second — 748x Faster than the World's #1 Supercomputer ‘Frontier'

SUNNYVALE, Calif.--(BUSINESS WIRE)--Cerebras Systems, the pioneer in accelerating generative AI, in collaboration with researchers from Sandia, Lawrence Livermore, and Los Alamos National Laboratories...

4 months ago - Business Wire

Cerebras Delivers Record-Breaking Performance with Meta's Llama 3.1 405B Model

SUNNYVALE, Calif.--(BUSINESS WIRE)--Cerebras Systems today announced that it has set a new performance record for Llama 3.1 405B – a leading frontier model released by Meta AI. Cerebras Inference gene...

4 months ago - Business Wire

Cerebras Triples its Industry-Leading Inference Performance, Setting New All Time Record

SUNNYVALE, Calif.--(BUSINESS WIRE)--Today, Cerebras Systems, the pioneer in high performance AI compute, smashed its previous industry record for inference, delivering 2,100 tokens/second performance ...

5 months ago - Business Wire

How the CEO of this upstart Nvidia rival hopes to seize on the lucrative market for AI chips

Cerebras Systems' eventual IPO could pave the way for more AI chip companies to go public. It will also test investors' appetite for the AI sector amid concerns that the industry may be overvalued.

5 months ago - Market Watch

Here's why I won't invest in Nvidia competitor Cerebras' IPO

Cerebras Systems Inc. – a California-based artificial intelligence company is seeking to go public in the US at a valuation of about $8.0 billion in 2024. The venture-backed firm specializes in chips ...

5 months ago - Invezz

Cerebras IPO has 'too much hair' as AI chipmaker tries to sell Wall Street on Nvidia alternative

AI chipmaker Cerebras is trying to be the first major venture-backed tech company to go public in the U.S. since Rubrik's IPO in April. The company has a big tailwind thanks to technology that compete...

5 months ago - CNBC

Cerebras Systems (CBRS) May Delay IPO Amid National Security Review

Cerebras Systems, a California-based startup known for its AI chips, might postpone its initial public offering (IPO) due to a national security review of a minority investment from UAE's G42. The U.S...

6 months ago - GuruFocus

Cerebras Systems likely to postpone IPO after facing delays with CFIUS Review, reports say

CNBC's Kate Rooney, joins 'Power Lunch' to discuss reports that Cerebras Systems is likely to delay its IPO.

6 months ago - CNBC Television