# Cerebras raised $5.55 billion in its IPO, the largest by a U.S. tech company since Uber went public in 2019.

*semiconductor · news · 2026-05-15 · TechStartups.com*

## Key points

- Cerebras Systems' IPO raised $5.55 billion, the largest U.S. tech IPO since Uber in 2019.
- More than 85% of Cerebras' 2024 revenue came from G42, a UAE-based AI company.
- Cerebras' flagship Wafer Scale Engine 3 uses an entire silicon wafer as a single massive processor.
- The IPO attracted demand exceeding 20 times the available shares, leading to an increased offer price.
- Federal regulators previously scrutinized Cerebras' partnership with G42 over national security but later cleared it.

**Companies:** Cerebras Systems, Amazon
**Countries:** United States, United Arab Emirates

[Read the full story on TechStartups.com](https://techstartups.com/2026/05/15/cerebras-pops-89-in-nasdaq-ipo-debut-hits-106b-valuation-amid-ai-frenzy/)

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