Cerebras Systems Submits Application for Proposed IPO

Cerebras Systems (CBRS) has announced its intention to pursue an initial public offering (IPO).

The company characterizes itself as an AI enterprise that designs processors specifically for AI training and inference. Cerebras develops AI systems that effectively power, cool, and provide data to these processors. Additionally, they create software that integrates these systems into advanced supercomputers, designed to be user-friendly for complex AI tasks, utilizing popular machine learning frameworks such as PyTorch. Their supercomputers are employed by customers to train top-tier models and to perform inference at speeds unattainable with other commercial technologies. Cerebras delivers these AI solutions both on-site and via the cloud.

Citigroup and Barclays will act as the lead underwriters for this offering.