TechCrunch Cerebras Systems, the San Diego‑based AI chip maker, filed to go public this week, targeting a mid‑May offering. The filing follows two massive funding rounds that lifted the company’s valuation to $23 billion and brought total capital raised to $2.1 billion. Recent contracts with Amazon Web Services and a reported $10 billion deal with OpenAI underscore the firm’s rapid ascent. Revenues hit $510 million in 2025, while net income reached $237.8 million, according to the prospectus. The IPO marks a new chapter for a startup that once withdrew a 2024 filing amid a federal review.
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