Overview

• Cerebras submitted notice to the SEC on Friday to withdraw its planned U.S. initial public offering.
• The company said it still intends to go public, with its CEO and a spokesperson reiterating plans to list in the future.
• Earlier this week, the startup raised $1.2 billion at an $8.1 billion valuation in a round led by Fidelity Management & Research and Atreides Management.
• Reporting noted the SEC is operating at reduced volume during the government shutdown, offering context for the timing of the withdrawal.
• Since last year’s filing, Cerebras has shifted focus to an inference cloud service, and its prior IPO timeline faced delays tied to a U.S. review of G42’s investment.