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Etched Inc stories

Jul 23, 2026

AI Chip Startup Etched Raises $300 Million at $10.3 Billion Valuation in Series C Round

Etched, an AI chip startup founded by three Harvard dropouts in 2022, has closed a $300 million Series C funding round led by Sequoia Capital, more than doubling its valuation to $10.3 billion. The company specializes in chips optimized for transformer-based AI models.

Jul 23, 2026·8 sources
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Top claims

  • ▪The Series C funding round for Etched Inc. included participation from SK Hynix Inc., Andreessen Horowitz, Jane Street, and Diffusion Capital.
  • ▪Etched Inc. plans to begin shipping its first hardware racks in the summer of 2026.
  • ▪Etched Inc. has booked over $1 billion in orders for its specialized AI hardware systems.

Topics

Compute, chips & AI infrastructureAI startupsVenture capitalAI foundation models

Related entities

Sequoia Capital

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