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3h ago

Cerebras Withdraws IPO Filing After $8.1 Billion Valuation Round

The withdrawal follows a $1.1 billion raise that extends the company's runway after earlier regulatory delays.

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Cerebras pulls IPO
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Overview

  • Cerebras filed with the SEC to pull its proposed offering, saying it does not intend to proceed at this time.
  • The company raised roughly $1.1–$1.2 billion this week at an $8.1 billion valuation, with backers including Fidelity, Atreides, Tiger Global, Valor and 1789 Capital.
  • A spokesperson and prior comments from CEO Andrew Feldman indicate the company still aims to go public in the future.
  • The move was logged while the SEC was operating at low volume during a U.S. government shutdown.
  • Cerebras’s earlier listing timeline was slowed by a national-security review of a $335 million investment from Abu Dhabi-based G42, and since its filing it has refocused on a cloud inference service using its chips.