Cerebras Systems Inc.

Based in California, US, and founded in 2015 by its CEO, Andrew Feldman, and co-founder, Sean Lie, Michael James, Jean-Philippe Fricker, and Gary Lauterbach, Cerebras Systems, Inc. is a company that develops stealth mode hardware that improves the existing infrastructure of computing functions. In May 2026, Cerebras Systems Inc. raised USD 5.

5 billion in an IPO, selling 30 million shares at USD 185 per share on the Nasdaq Global Select Market under the ticker symbol "CBRS", valuing the company at USD 56. 4 billion. The company has granted the underwriters a 30-day option to purchase up to an additional 4. 5 million shares of common stock, as part of the listing.

Cerebras Systems Inc. 's product line includes Wafer-Scale Engine (WSE-2), which packs 850,000 of these cores onto a single processor with 40GB of super-fast on-chip SRAM and spreads them evenly across the entire surface of the chip; CS-2, which delivers the wall-clock compute performance of many tens to hundreds of graphics processing units; Cerebras Cloud, a deep learning infrastructure that delivers the wall-clock training performance of many 10s to 100s of processors in a single instance; Cerebras software platform that integrates with popular machine learning frameworks like TensorFlow and PyTorch; Cerebras Graph Compiler (CGC) automatically translates neural network to a CS-2 executable. Cerebras Systems Inc. will use series F funding to extend global leadership to new regions, democratize AI, and usher in the next era of high-performance AI computing.

Cerebras generates revenue from wafer-scale AI hardware systems, CSoft software platform licensing, AI cloud and inference services, and related enterprise support services. The company plans to use the funding from May 2026 for general corporate purposes and future acquisitions.