AI Computing, Chip Startup Cerebras Withdraws IPO Registration

Cerebras Systems Inc. has filed to withdraw paperwork for an initial public offering more than a year after publicly unveiling plans.

The data center operator and maker of artificial intelligence chips doesn’t plan to proceed with the IPO described in those filings, which had not been declared effective, it said in a filing late on Friday.

The company closed a $1.1 billion funding round just days ago, valuing it at $8.1 billion, including the dollars raised. Chief Executive Officer Andrew Feldman said at the time that the funding would not impact its plans to go public.

The startup’s funding ...