✦ AI AI Company Comparison

Cerebras Systems vs OpenAI — IPO & Funding Comparison

Side-by-side IPO readiness, funding history, and valuation comparison. Data sourced by TechStackIPO.

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Some data on this page may be outdated. We're verifying.
Data for Cerebras Systems last verified: Jul 7, 2026. Data for OpenAI last verified: Jul 6, 2026.
Metric Cerebras Systems OpenAI
Valuation$48.8B$920.0B
Total Funding$3.4B$65.4B
IPO StatusPublicPublic
SectorSemiconductorsArtificial Intelligence
StagePublicPublic
HeadquartersSunnyvale, CASan Francisco, CA
CEOAndrew FeldmanSam Altman
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Cerebras Systems

AI chip company building the world's largest processors. IPO date confirmed May 14, 2026 on Nasdaq (CBRS). $3.5B raise target. Revenue $510M (+76% YoY), profitable at $87.9M net income.

IndustrySemiconductors
StagePublic
IPO StatusPublic
Valuation$48.8B
Total Funding$3.4B
HeadquartersSunnyvale, CA

OpenAI

OpenAI is valued at $920B — the world's most valuable AI company, backed by over $65B in funding. The company recently restructured as a Public Benefit Corporation to support its mission of developing safe AGI.

IndustryArtificial Intelligence
StagePublic
IPO StatusPublic
Valuation$920.0B
Total Funding$65.4B
HeadquartersSan Francisco, CA

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Frequently Asked Questions

What is the Cerebras Systems vs OpenAI valuation in 2026? +

Cerebras Systems is valued at $48.8B. OpenAI is valued at $920.0B. Both figures are based on the most recent funding rounds tracked by TechStackIPO.

How does Cerebras Systems revenue compare to OpenAI? +

Cerebras Systems reported 510 total revenue in 2025. OpenAI reported 12700000000 arr revenue in 2025. Revenue figures are sourced from TechStackIPO's company database and updated as new data becomes available.

Which is more likely to IPO first — Cerebras Systems or OpenAI? +

Cerebras Systems filed an S-1 in April 2026 and is actively in the IPO pipeline. OpenAI filed an S-1 in June 2026 and is actively in the IPO pipeline. Track both companies on TechStackIPO for S-1 filings, roadshow announcements, and IPO date updates.

How much has each company raised in total funding? +

Cerebras Systems has raised $3.4B. OpenAI has raised $65.4B.

Are Cerebras Systems and OpenAI in the same sector? +

Cerebras Systems operates in Semiconductors, while OpenAI operates in Artificial Intelligence.

What are the key differences between Cerebras Systems and OpenAI as investments? +

Cerebras Systems is a Semiconductors company valued at $48.8B with $3.4B raised. OpenAI is a Artificial Intelligence company valued at $920.0B with $65.4B raised. See TechStackIPO's full side-by-side comparison for IPO readiness scores, funding timelines, and investor access options.

How can I invest in Cerebras Systems or OpenAI before their IPO? +

Accredited investors can access pre-IPO shares in Cerebras Systems and OpenAI through secondary market platforms, pre-IPO funds, and broker-dealer platforms that facilitate private company transactions. TechStackIPO's marketplace section tracks available access options for both companies. Pre-IPO investments carry higher risk and limited liquidity.