This week,
@cerebras IPO'd in one of the largest technology IPOs in history.
We didn't get here alone.
There are many people and companies to thank.
To our families. It is not easy to be married to someone trying to build a company. The hours are long and so are the years. Their patience knew no bounds.
To our team. They bet big chunks of their careers on 5 guys who said we could solve a problem nobody had solved in 75 years.
There were 18 months between 2017 and 2019 when we couldn't make a single chip work. We were burning $8M a month. Every six weeks we'd sit with our board and say: not yet. Not yet. Not yet.
The team stayed steady. They solved problems nobody else could.
When our first wafer worked in August 2019, the technology was solved. But it was still 2019. OpenAI was nascent. There was no Anthropic. AI was still a parlor trick.
Then the models got good enough to be useful.
In some areas, necessary.
And when something becomes useful, speed is everything. Our business exploded.
To our early investors -
@benchmark,
@FoundationCap,
@EclipseVentures,
@coatuemgmt,
@AltimeterCap and many more - whose support never wavered through years of challenges.
To TSMC, who agreed to work with us when we were a 40-person team with big ideas.
To our earliest customers - Argonne, Sandia, GSK - who bet on us when the product was raw and the roadmap unproven.
To Peng at G42, their Chairman, and the leadership of the UAE, who believed in us when many people were afraid.
And to many others not mentioned who contributed in ways large and small.
We say thank you.
Today starts a new chapter for us.
But it is still, just the beginning.
Photo Credit:
@Nasdaq / Vanja Savic