(Bloomberg) – Cerebras Systems Inc. submitted to withdraw paperwork for an initial public offering that offered more than a year after the public unveiling of plans. The data center operator and producer of artificial intelligence chips do not intend to continue with the bursary trading described in the filing, which was not declared effectively, late Friday said it late Friday. The company closed a $ 1.1 billion financing round a few days ago, appreciating it at $ 8.1 billion, including the dollars collected. CEO Andrew Feldman said at the time that the funding would not affect his plans to make public. The funding from the beginning was the latest in a series of investments rolled out by a technology industry that throws billions of rands on the new AI infrastructure that he believes will change the global economy. It has also come because the US IPO market has been along with technical companies such as NETSKOPE INC. and Figure Technology Solutions Inc. More than 20% of their debut has climbed. Cerebras have previously submitted to be revealed in September 2024, but the listing did not materialize. This announced a review by the Foreign Investment Committee in the US in the Cerebras’ relationship with Abu Dhabi AI firm G42. In March, Cerebras said it solved all open problems with CFIUS. The recent financing round was led by Fidelity Management & Research Co. and Atreides Management LP. Other investors in the round include Tiger Global, Valor Equity Partners and 1789 Capital – the VC firm where Donald Trump jr. A partner is – as well as existing investors Altimeter Capital Management and Benchmark. -with help from Ian King. More stories like these are available on Bloomberg.com © 2025 Bloomberg LP
AI Computing, Chip Startup Cerebras withdrawing IPO registration
