Cerebras Systems Inc. (CBRS)

Cerebras Systems was planning to go public, but the IPO was withdrawn on Oct 3, 2025.
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Market Capn/a
Revenue (ttm)206.48M +219.9%
Net Income-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

OpenAI unveils first AI model running on Cerebras chips

CNBC's Deirdre Bosa reports on news regarding OpenAI.

5 days ago - CNBC Television

OpenAI deploys Cerebras chips for 15x faster code generation in first major move beyond Nvidia

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 it...

6 days ago - VentureBeat

Cerebras: Nvidia Rival Gearing Up For IPO

Cerebras Systems Inc. is an AI infrastructure innovator leveraging wafer-scale technology for ultra-fast processor speeds, recently valued at $23.0B after a $1.0B funding round. CBRS also struck a maj...

9 days ago - Seeking Alpha

AI chip maker Cerebras Systems raises $1 billion in late-stage funding

AI chip maker Cerebras Systems said on Wednesday it raised $1 billion in a late-stage funding round that valued it at $23 billion.

14 days ago - Reuters

Cerebras Systems Raises $1 Billion Series H

SUNNYVALE, Calif.--(BUSINESS WIRE)--Cerebras Systems today announced the closing of a $1 billion Series H financing at a post-money valuation of approximately $23 billion. The round was led by Tiger G...

14 days ago - Business Wire

OpenAI signs deal, reportedly worth $10 billion, for compute from Cerebras

OpenAI announced Wednesday that it had reached a multi-year agreement with AI chipmaker Cerebras. The chipmaker will deliver 750 megawatts of compute to the AI giant starting this year and continuing ...

5 weeks ago - TechCrunch

OpenAI strikes $10 billion chip deal with Cerebras

CNBC's Kate Rooney joins 'Closing Bell' to talk a new partnership between OpenAI and Cerebras.

5 weeks ago - CNBC Television

Cerebras scores OpenAI deal worth over $10 billion ahead of AI chipmaker's IPO

Cerebras plans to deliver up to 750 megawatts worth of computing power to OpenAI through 2028 in a deal worth over $10 billion. The deal will help diversify Cerebras away from the United Arab Emirates...

5 weeks ago - CNBC

OpenAI to buy compute capacity from startup Cerebras for around $10 billion, WSJ reports

OpenAI has agreed to purchase up to 750 megawatts of computing power over three years from Cerebras in a deal worth more than $10 billion, the Wall Street Journal reported on Wednesday.

5 weeks ago - Reuters

OpenAI Forges Multibillion-Dollar Computing Partnership With Cerebras

The ChatGPT-maker is racing to secure more computing power, especially for responding to user queries.

5 weeks ago - WSJ

Exclusive: AI chip firm Cerebras set to file for US IPO after delay, sources say

AI chip maker Cerebras Systems is preparing to file for a U.S. initial public offering as soon as next week, targeting a second-quarter 2026 listing, people familiar with the matter said.

2 months ago - Reuters

Cerebras Systems and U.S. Department of Energy Sign MOU to Accelerate the Genesis Mission and U.S. National AI Initiative

SUNNYVALE, Calif.--(BUSINESS WIRE)--Cerebras Systems, makers of the fastest AI infrastructure, today announced that it has signed a Memorandum of Understanding (MOU) with the U.S. Department of Energy...

2 months ago - Business Wire

Cerebras Delivers End-to-End Training and Inference for Jais 2, the World's Leading Open Arabic LLM

SUNNYVALE, Calif.--(BUSINESS WIRE)--Cerebras Systems, in partnership with G42's Inception and MBZUAI's IFM, today announced the release of Jais 2, the leading open-source Arabic LLM – the first fronti...

2 months ago - Business Wire

Cerebras AI Inference Wins Demo of the Year Award at TSMC North America Technology Symposium

SUNNYVALE, Calif.--(BUSINESS WIRE)-- #AI--Cerebras AI Inference Wins Demo of the Year Award at TSMC North America Technology Symposium.

2 months ago - Business Wire

Guyana and Cerebras Forge Historic AI Partnership to Launch a 100MW Data Center and Ignite Regional Innovation

GEORGETOWN, Guyana & SUNNYVALE, Calif.--(BUSINESS WIRE)--In a bold step toward shaping the future of technology in South America and the Caribbean, the Government of the Co-operative Republic of Guyan...

3 months ago - Business Wire

Cerebras Systems Launches “Cerebras for Nations” -- A Global Initiative to Accelerate and Scale Sovereign AI

SUNNYVALE, Calif.--(BUSINESS WIRE)--Cerebras Systems, makers of the fastest AI infrastructure, today announced the launch of “Cerebras for Nations,” a global program to help world governments build, a...

3 months ago - Business Wire

Cerebras aims to deploy AI infrastructure for massive Stargate UAE data centre hub

AI chip startup Cerebras Systems aims to deploy its infrastructure to the United Arab Emirates to support the Gulf state's rapidly growing AI sector, as well as markets in India and Pakistan, CEO Andr...

4 months ago - Reuters

Cerebras CEO explains IPO withdrawal, says it still intends to go public

Cerebras withdrew its filing for an IPO because it wants to come out with updated financial and strategy information, CEO Andrew Feldman said in a LinkedIn post. Some of the company's new investors we...

4 months ago - CNBC

AI chipmaker Cerebras pulls IPO after raising $1 billion

CNBC's MacKenzie Sigalos joins Fast Money to discuss Cerebras' decision to withdraw its IPO plans, the regulatory scrutiny and customer concentration risks behind the move, the company's new $1 billio...

4 months ago - CNBC Television

Cerebras Systems files to withdraw US IPO

AI chip firm Cerebras Systems on Friday filed to withdraw, effective immediately, its plans for an initial public offering in the United States.

4 months ago - Reuters

AI chipmaker Cerebras withdraws IPO

Cerebras said on Friday that it's withdrawn its plans for an IPO. The announcement comes a little over a year after the AI chipmaker filed its IPO prospectus.

4 months ago - CNBC

AI Chip Maker Cerebras Systems Raises $1.1 Billion

Cerebras Systems CEO Andrew Feldman discusses how the AI chip maker plans to use the capital from its latest $1.1 billion funding round and what the raise means for the company's IPO ambitions. He joi...

5 months ago - Bloomberg Technology

Cerebras CEO: Here's why our chips are a more efficient alternative to Nvidia

Andrew Feldman, Cerebras Systems founder and CEO, joins CNBC's 'Squawk on the Street' to discuss how chipmaker is taking on Nvidia, growth expectations, and much more.

5 months ago - CNBC Television

AI chip firm Cerebras raises $1.1 billion, adds Trump-linked 1789 Capital as investor

Cerebras Systems, a Silicon Valley startup aiming to take on Nvidia by producing a dinner-plate-sized AI computing chip, on Tuesday said it raised $1.1 billion and added 1789 Capital, the venture firm...

5 months ago - Reuters

AI chip company Cerebras raises $1 billion in pre-IPO funding round

Fidelity and other investors valued Cerebras at $8.1 billion in a new funding round. The artificial intelligence chip company filed for an IPO exactly a year ago and says it still plans to go public.

5 months ago - CNBC