Cerebras Systems Inc. Class A Common Stock
- Industry
- AI Chips
- Exchange
- US
- Country
- USA
- IPO date
- May 14, 2026
- Employees
- 784
- Website
- www.cerebras.ai
Composite valuation range · conservative $20–$30 / fair $30–$50 / optimistic $50–$80. At $188.61, Above the optimistic ceiling · future growth overdrawn.
At publication $279.72 (May 16, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
Cerebras Systems Inc. operates as an artificial intelligence infrastructure company. It designs and manufactures an AI compute platform that comprises of proprietary systems and software that is delivered in racks for deployment in data centers up to supercomputer scale. The company's pioneering wafer-scale engine, a chip encompassing a silicon wafer, designed to enable higher performance and speeds than GPUs for the computational demands of inference, Generative AI, and other AI applications. Its customers include hyperscalers, foundation model labs, AI-native and digital-native businesses, enterprises, and leaders of Sovereign AI initiatives. The company has operations in the United States, Europe, the Middle East, Africa, and internationally. Cerebras Systems Inc. was founded in 2015 and is headquartered in Sunnyvale, California.
History
Cerebras Systems Inc. was founded in 2015 and is headquartered in Sunnyvale, California. In October 2025 it raised $1.1 billion in a private round at a valuation of about $8.1 billion, completed a $1 billion Series H in February 2026, and announced an $850 million revolving credit facility in April 2026. The company went public on 2026-05-14 with an IPO priced at $185 per share, raising $5.55 billion; prior to the IPO it had added independent directors and an audit committee chair in 2024.
Industry position
Cerebras operates as an artificial intelligence infrastructure company, designing and manufacturing an AI compute platform of proprietary systems and software delivered in racks for data centers up to supercomputer scale, with Cloud, Dedicated, and On-prem delivery. Its core products are the Wafer-Scale Engine (4 trillion transistors, 125 petaflops, 900,000 AI-optimized cores) and the CS-3 system, which can scale to 24 trillion parameter models. Disclosed customers include OpenAI, AWS, Meta, AlphaSense, GSK, Mayo Clinic, Notion, Cognition, and Argonne National Laboratory, with OpenAI signing a compute deal exceeding $10 billion and AWS partnering in March 2026; competitors named include Nvidia, AMD, Broadcom, Marvell, AWS Trainium, Google TPU, and Groq. The company reported 2025 revenue of $509.99 million (up from $24.62 million in 2022), had 340 employees, relies on the single foundry TSMC for its core processors, and derived about 30% of 2025 revenue from cloud services.