How to invest in Cerebras stock pre-IPO

Overview
Investors keen on keeping the AI trade going may have been disappointed to see Cerebras Systems withdraw its IPO plans with the SEC in early October, about a year after initially filing its S-1 with the regulator. However, the good news is that Cerebras' co-founder and CEO, Andrew Feldman, explained in a LinkedIn post shortly after that the withdrawal was due to the S-1 filing getting stale, and that Cerebras plans to re-file with updated financials and strategic information.
Feldman did not provide a timeline for refiling or an eventual IPO date, but it does seem like that's still on the horizon.
For now, accredited investors may be able to access private market shares of Cerebras through a next-generation private-equity marketplace like EarlyBird, where investors can discover, evaluate, and trade private company shares with real-time transparency. Retail investors, meanwhile, may only access indirect or correlated exposure through publicly traded assets.
Below is a closer look at how to invest in Cerebras stock pre-IPO.
The Details
Cerebras: Company Background
Cerebras, founded in 2015, is often considered a challenger to Nvidia’s dominance in the AI chip sector, differentiating itself by designing significantly larger chips—most notably the Wafer Scale Engine 3 (WSE-3), the largest AI chip ever built. Its unique wafer-scale architecture allows for dramatically increased performance compared to conventional chips.
Cerebras generates revenue from hardware sales (like its CS-3 system), direct chip sales, and cloud-based AI compute services.
One of Cerebras’ most important customers is G42, a UAE-based tech conglomerate and investor in the company. G42 accounted for 87% of Cerebras' $136.4M revenue in the first half of 2024.
While the company has not released official new revenue figures, Feldman has stated that 2024 and 2025 have been record-setting years.
Cerebras Stock and Funding History
Cerebras’ fundraising journey includes:
Series A (2016): $27M at $0.85/share, ~$67M valuation
Series D (2018): $80M at $16.15/share, $1.7B valuation
Series E (2019): $270M at $18.32/share, $2.4B valuation
Series F (2021): $250M at $27.74/share, ~$4.2B valuation
Series F-1 (2024): $85M at $14.66/share, $2.9B valuation (down round)
Series G (2025): $1.1B at $36.23/share, $8.1B valuation
As of late 2025, private-market data shows Cerebras trading around $36.73/share, implying an $8.21B valuation, based on pricing signals emerging from activity on EarlyBird’s private-market platform, including secondary trades and bid/ask activity.
How to Buy Cerebras Stock
As a private company, Cerebras stock is not yet available to the general public. Until the S-1 is updated and an IPO is completed, only accredited investors can typically buy shares.
Accredited investors can access private-market Cerebras shares—when available—through EarlyBird, which helps facilitate transactions between buyers and sellers of private company equity.
Who Can Invest in Cerebras Pre-IPO?
Private companies are restricted in how they sell securities. As a result, access is generally limited to:
Accredited individuals
Family offices
Venture funds
Institutional investors
Some investors participate in primary funding rounds. Others acquire secondary shares through EarlyBird when employees or early investors choose to sell.
Where to Buy Pre-IPO Cerebras Stock
Pre-IPO shares cannot be purchased through public brokers, but accredited investors can use EarlyBird’s private-market trading platform, subject to supply and seller availability.
EarlyBird provides dynamic pricing insights through:
Secondary market transaction data
Bid/ask activity
Historical primary round pricing
Proprietary modeling of private valuation signals
These insights give investors clearer context to evaluate whether to accept a seller’s asking price or submit their own bid.
Interested investors can create an EarlyBird account to place bids or add Cerebras to their watchlist.
Alternatives for Retail Investors
Retail investors currently cannot buy Cerebras directly, but can gain indirect or correlated exposure through:
1. Public Funds Holding Cerebras
Fidelity led the Series G round and now holds Cerebras in some of its portfolios.
For example, Fidelity Select Semiconductors (FSELX) includes Cerebras, though currently only at ~0.059%.
2. Public Semiconductor Stocks
Nvidia
Broadcom
AMD
Intel
TSMC (manufactures Cerebras chips)
These may benefit from industry-wide AI growth.
3. AI / Cloud Computing Companies
CoreWeave (IPO’d in 2025)
Amazon
Google
Microsoft
4. Tech-Focused ETFs
Broad-based funds like Invesco QQQ offer diversified exposure to the AI ecosystem as a whole.
How to Analyze Cerebras Stock
Cerebras’ S-1 filing gives insight into financials through mid-2024. Once updated, it will provide the most reliable information for metrics like price-to-sales.
Investors may also compare Cerebras to:
Public AI semiconductor leaders
Other private AI compute startups listed on EarlyBird
EarlyBird’s real-time private-market pricing helps provide context, though investors should note that private markets have:
Lower liquidity
Wider bid/ask spreads
Less frequent financial disclosures
Valuation therefore involves more subjective judgment.
 
Conclusion
Get Ready to Invest in Cerebras on EarlyBird
If you want access to Cerebras pre-IPO—should shares become available—create a free account with EarlyBird.
This unlocks:
Access to private-market listings
Pricing insights and historical data
Ability to place bids or execute secondary trades
Company watchlists and real-time monitoring tools
EarlyBird provides transparency in a market that is usually opaque and allows accredited investors to participate in private-company investing in a regulated, secure environment.