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Story summary
- Cerebras Systems filed for an IPO to raise about $2 billion.
- The 2024 IPO attempt was paused by a federal review.
- The company has raised $1.1 billion in Series G and $1 billion in Series H, valuing it at $23 billion.
- In 2025, Cerebras reported revenue of $510 million and net income of $237.8 million.
- Cerebras Systems CEO Andrew Feldman notes a shift in competition after attracting OpenAI as a client.
