(Bloomberg) — Chipmaking startup Cerebras Techniques Inc. is weighing an preliminary public providing as quickly as this 12 months, based on folks acquainted with the matter.
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The Silicon Valley firm has held early discussions with potential advisers for an providing that may worth it above the $4 billion determine achieved in its 2021 funding spherical, the folks stated. It’s concentrating on the itemizing within the second half of the 12 months on the earliest, one of many folks stated.
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Cerebras can be in talks to lift funds privately earlier than the IPO, the folks stated. It might contain an investor the corporate has a industrial relationship with, one of many folks stated.
Deliberations are ongoing and no ultimate selections have been made, the folks stated, asking to not be recognized as the data is confidential. A consultant for Cerebras declined to remark in an emailed response.
An inventory would come as semiconductor corporations are among the many most hotly-tipped sectors within the resurgent IPO market. Astera Labs Inc., backed by buyers together with Intel Corp.’s enterprise arm, is working with funding banks to organize for an IPO as quickly as this 12 months, Bloomberg Information has reported.
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Cerebras introduced in July that it’s constructed the primary of 9 synthetic intelligence supercomputers in a partnership with Abu Dhabi, a part of an effort to supply alternate options to techniques utilizing know-how from Nvidia Corp. — the world’s most respected chipmaker.
Condor Galaxy 1, positioned in Santa Clara, California, is now up and operating, based on Cerebras founder and Chief Govt Officer Andrew Feldman. The supercomputer value greater than $100 million.
The corporate raised $250 million in a collection F financing spherical in 2021, valuing it at over $4 billion, based on an announcement on the time. The spherical was led by Alpha Wave Ventures, Abu Dhabi Progress Fund and G42.
–With help from Katie Roof.
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