Cerebras Systems was founded in 2016 by Andrew Feldman, Gary Lauterbach, Jean-Philippe Fricker, Michael James, and Sean Lie. The company has not publicly endorsed a plan to participate in an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Cerebras develops AI and deep learning applications. The company's flagship product, the powerful CS-2 system, is used by enterprises across a variety of industries. In 2021, the company announced that a $250 million round of Series F funding had raised its total venture capital funding to $720 million. Investors include Alpha Wave Ventures, Abu Dhabi Growth Fund, Altimeter Capital, Benchmark Capital, Coatue Management, Eclipse Ventures, Moore Strategic Ventures, and VY Capital. Cerebras reports a valuation of $4 billion.