Overview

• Cerebras filed with the SEC to pull its planned U.S. initial public offering, effective immediately.
• A company spokesperson said Cerebras still intends to pursue a public listing.
• The decision followed a new private raise of about $1.1–$1.2 billion led by Fidelity Management & Research and Atreides Management that valued the startup at $8.1 billion, with Tiger Global, Valor Equity Partners and 1789 Capital among participants.
• The withdrawal came as the SEC was operating at reduced capacity following a government shutdown, according to CNBC.
• Since its original prospectus, the AI chipmaker has shifted focus toward an inference cloud service rather than primarily selling hardware systems.