Cerebras Systems has withdrawn its plans for an initial public offering more than a year after announcing the move.

The California-based company makes AI chips and operates data centers.

Cerebras said in a filing on October 3, 2025, that it will not proceed with the IPO, which had not yet been declared effective

Last week, Cerebras raised US$1.1 billion in funding, valuing it at US$8.1 billion.

Cerebras previously filed to go public in September 2024 but did not proceed.

The company had also disclosed a review by the Committee on Foreign Investment in the US related to its ties with Abu Dhabi AI firm G42, and said in March 2025 that all issues with the committee had been resolved.

🔗 Source: Bloomberg