Cerebras Systems Begins Trading on Nasdaq
Cerebras Systems shares opened at $350 and closed up 68% at $311.07 on their first day of trading on the Nasdaq under the ticker symbol CBRS. The closing price valued the company at an estimated $86 billion. The shares had priced at $185 the day before the debut, above the projected range of $150 to $160, raising at least $5.55 billion according to Crunchbase News.
IPO History and Private Fundraising
Cerebras filed for an IPO in September 2024 and withdrew the planned offering a year later. The Sunnyvale, California-based company then continued raising capital in private markets before completing its public debut. As a private company, Cerebras secured $2.85 billion in equity funding and $1.85 billion in debt financing, with most of that total raised in the past year according to Crunchbase News.
Major Stakeholders
Cerebras’ largest venture stakeholders include Fidelity with 11.3% of Class B common stock, Benchmark with 9.5%, Foundation Capital with 8.3%, Eclipse with 7.3% and Alpha Wave with 6.5%. Benchmark, Foundation and Eclipse led the company’s $27 million Series A in 2016.
Revenue Growth and Customers
Revenue reached $510.0 million in 2025, representing 76% year-over-year growth and more than six-fold increase over two years. The company signed a partnership deal with OpenAI earlier this year to integrate its technology into OpenAI’s compute systems. Customers listed on its website include Meta, AWS and IBM.
Future Plans
In its IPO filing, Cerebras stated plans to invest more in research and development as well as sales and marketing. The company pitches itself as the builder of the fastest AI infrastructure in the world.
