 |
ZM Communications represents Cerebras Systems, which filed a registration statement with the SEC on Sept. 30 for an initial public offering.
Sunnyvale, CA-based Cerebras, which plans to take on Nvidia, makes semiconductors for building artificial technologies.
The New York Times noted that the Cerebras IPO offering would be among the first AI companies to go public since OpenAI released its ChatGPT chatbot in late 2022.
OpenAI on Oct. 1 closed on a $6.6B funding round, valuing the company at $157B.
Cerebras chalked up $136M in first-half revenues, compared to $8.6M in the 2023 period. It lost $67M vs. $78M a year ago.
The company plans to list in stock on the NASDAQ.
ZM Communications is the firm launched by two Qualcomm veterans. Kim Ziesemer was Qualcomm’s senior PR manager, while Heath Meyer was senior global marketing manager.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
Trailrunner International is handling Axum Capital Partners’ move to acquire a controlling interest in BARCODE, a performance hydration brand, in partnership with NBA All-Star Victor Wembanyama.
Alpha IR and Alpha Advisory Group represent McKinley Acquisition Corp. as it plans to take hostile drone spotter and destroyer Space-Eyes public via a SPAC deal valued at $370M.
