Brief
Published:
Brain systemsa startup building what CEO Andrew Feldman describes as “the fastest AI hardware for training and inference,” has filed to make public.
The company had previously filed for an IPO in 2024, but it was delayed due to a federal review of an investment from Abu Dhabi-based G42 and was ultimately withdrawn. Cerebral raised a $1.1 billion Series G last year, followed by a $1 billion Series H in February at a valuation of $23 billion, according to the Wall Street Journal.
In recent months, the company announced an agreement with Amazon Web Services use Cerebras chips in Amazon data centers, as well as an agreement with OpenAI reportedly worth over $10 billion.
In a recent interview with the WSJ, Feldman boasted: “Obviously, [Nvidia] I didn’t want to lose the fast inference business at OpenAI, and we took that from them.
Cerebras generated revenue of $510 million in 2025, according to the filing, with net income of $237.8 million (excluding some one-time items, this was a non-GAAP net loss of $75.7 million).
One company has not revealed how much it hopes to raise in its IPO. A spokesperson said the offering was scheduled for mid-May.
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