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 $75.7 million).

A company has not disclosed how much it hopes to raise in the IPO. A spokesperson said the offering is planned for mid-May.