IPO
Company Profile
Cerebras Systems builds wafer-scale AI chips and inference clouds — public since May 14, 2026 as CBRS with a $67B day-one close, a $20B+/750MW OpenAI compute deal, and $24.6B in remaining performance obligations.
Founded 2016Sunnyvale, California, USACBRS~$48.5B valuation
Investors
Foundation CapitalBenchmarkEclipse VenturesAlpha WaveG42
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Funding & Valuation History
from our coverage| Date | Event | Amount | Valuation | Source |
|---|---|---|---|---|
| May 14, 2026 | IPO at $185/share (Nasdaq: CBRS) | $5.55B | $67B day-one close | — |
Cerebras FAQ
- What is Cerebras's valuation in 2026?
- Cerebras is publicly traded under the ticker CBRS with a market capitalization of about $48.5B (Aug 5, 2026).
- How much has Cerebras raised?
- Across the funding rounds Value Add Pulse has covered, Cerebras has raised at least $5.5B.
- Is Cerebras publicly traded?
- Yes. Cerebras trades under the ticker CBRS and has been public since May 14, 2026, with a market cap of about $48.5B (Aug 5, 2026).
- Who are Cerebras's investors?
- Cerebras's investors include Foundation Capital, Benchmark, Eclipse Ventures, Alpha Wave, G42.
Coverage Timeline
newest first- Aug 4, 2026IPORobotics' IPO Pipeline: Who's Actually Ready→
- Aug 4, 2026IPOCerebras, Three Months Public: The Scorecard→
- Jul 9, 2026IPOThis Week's Quiet IPO Calendar Is the Real Story→
- Jun 29, 2026IPOQ2 2026 Delivers the Most Billion-Dollar Startup Exits Since the 2021 PeakMost $1B+ exits since 2021→
- Jun 26, 2026AICerebras Runs OpenAI GPT-5.6 Sol at 750 Tokens per Second, Setting a New Frontier-Model Speed Record750 tok/sec→
- Jun 24, 2026BIG TECHCerebras Plunges ~20% in Its First Earnings as a Public Company on a Margin Scare~-20% stock drop→
- May 14, 2026IPOCerebras (CBRS) Continues Hot Streak -- Up 68% Since May IPO$3.5B raise→
All Coverage
IPO
Robotics' IPO Pipeline: Who's Actually Ready
Figure AI at a private $39B valuation and China's Unitree pursuing a Shanghai STAR Market listing represent two very different paths to a robotics IPO -- and neither looks genuinely ready by the disclosure standards Cerebras and SpaceX have just set.
IPO
Cerebras, Three Months Public: The Scorecard
IPO
Cerebras, Three Months Public: The Scorecard
Cerebras went public in May at a $56.43B implied valuation, becoming the market's clearest test case for whether a pure-play AI chip challenger to Nvidia can hold a premium multiple once quarterly numbers replace private-market narrative.
IPO
This Week's Quiet IPO Calendar Is the Real Story
IPO
This Week's Quiet IPO Calendar Is the Real Story
Beyond SK Hynix's $28-29 billion Nasdaq debut, this week's US IPO calendar is nearly empty -- a sharp contrast to June's run of SpaceX, Cerebras and Lime, and a sign the pipeline is thinner than headline enthusiasm suggests.
IPO
Q2 2026 Delivers the Most Billion-Dollar Startup Exits Since the 2021 Peak
IPOMost $1B+ exits since 2021
Q2 2026 Delivers the Most Billion-Dollar Startup Exits Since the 2021 Peak
Startup exits worth $1 billion or more were more numerous in Q2 2026 than at any point since the 2021 market peak, according to Crunchbase data -- powered by SpaceX's record IPO (a $2.1 trillion first-day market cap on $75 billion raised), Cerebras's and Quantinuum's debuts, and SpaceX's $60 billion acquisition of Cursor. The quarter signals the long-frozen exit window has decisively reopened for late-stage tech.
AI
Cerebras Runs OpenAI GPT-5.6 Sol at 750 Tokens per Second, Setting a New Frontier-Model Speed Record
AI750 tok/sec
Cerebras Runs OpenAI GPT-5.6 Sol at 750 Tokens per Second, Setting a New Frontier-Model Speed Record
Cerebras Systems will deploy OpenAI's GPT-5.6 Sol on its wafer-scale WSE-3 chips at up to 750 tokens per second in July — roughly 10x faster than any Nvidia GPU deployment of a frontier model in production. The partnership is a strategic proof point for Cerebras ahead of its planned 2026 IPO.
BIG TECH
Cerebras Plunges ~20% in Its First Earnings as a Public Company on a Margin Scare
BIG TECH~-20% stock drop
Cerebras Plunges ~20% in Its First Earnings as a Public Company on a Margin Scare
Cerebras shares fell roughly 20% -- back near their IPO price -- after the AI-chip maker's first earnings report as a public company spooked investors with a soft gross-margin outlook, even as it beat on revenue. CEO Andrew Feldman said the market 'misunderstood' the guidance, which reflects a temporary plan to lease back systems while it builds its own data centers.
IPO
Cerebras (CBRS) Continues Hot Streak -- Up 68% Since May IPO
IPO$3.5B raise
Cerebras (CBRS) Continues Hot Streak -- Up 68% Since May IPO
Cerebras is the market's clearest bet on AI hardware scarcity -- up 68% since its May debut at $312. The AI chipmaker trades at a premium pricing in years of Nvidia-alternative demand.