AI chip startup Cerebras Systems is currently in talks to raise around $1 billion in funding. In this funding round, the company's pre - money valuation has already soared to $22 billion, representing a substantial jump from its valuation in the previous private funding round back in September 2025. The company is gearing up to kick off the listing process this year and is anticipated to go public in the upcoming months. Previously, Cerebras had put its listing plans on the back burner, opting instead for private fundraising. At one point, its revenue was highly dependent on a single Middle Eastern client, Group 42 Holding, which is the parent company of G42. To mitigate this business reliance, the company is expected to make an official announcement about new clients in the near future. Earlier, NVIDIA inked a non - exclusive technology licensing agreement worth $20 billion with Groq, a rival of Cerebras. This deal underscores the robust market demand for AI - specific chips and has ignited significant investor interest in startups operating in the same sector. Another startup, Tenstorrent, is also in the midst of discussions to raise at least $800 million in a new funding round.