Cerebras CEO Andrew Feldman acknowledged a mistake in not promptly explaining the company's decision to withdraw its IPO registration, emphasizing that they still aim to go public after revising their prospectus due to significant business improvements. The company recently raised $1.1 billion, and Feldman asserted that updating their financials and strategy is essential for informing potential investors better.

Cerebras Systems has withdrawn its plans for an IPO just days after raising over $1 billion in funding, citing no specific reason for the decision. The company, which aims to compete with Nvidia in the AI chip market, continues to express interest in going public in the future despite the current U.S. government shutdown and its reliance on a single customer, G42.

Plaid, a fintech company, has successfully raised $575 million at a valuation of $6.1 billion. Despite this significant funding round, the company has announced that it will not pursue an initial public offering (IPO) in 2025, focusing instead on its growth and expansion strategies.