AI Chip Startup Etched Raises $300 Million at $10.3 Billion Valuation
The startup says it has booked $1 billion in orders and is testing full systems with clients after manufacturing its first chips.
- On Thursday, Sequoia-backed Etched raised $300 million in a Series C funding round that valued the AI chip startup at $10.3 billion.
- Founded in 2022 by Harvard University dropouts CEO Gavin Uberti, COO Robert Wachen, and Chris Zhu, the company pursues a contrarian strategy building chips specifically for AI inference rather than general-purpose computing.
- Etched claims its hardware runs "dramatically" faster by utilizing low-voltage inference to pack more transistors, while featuring a shared memory pool enabling high-speed access across entire chip clusters.
- The startup has already secured $1 billion in signed orders, with clients testing systems that support various AI models including DeepSeek, Qwen, and non-transformer designs like Mamba.
- Etched recently opened an 80,000-square-foot facility near its San Jose headquarters to meet demand, though CEO Gavin Uberti says the startup faces the difficult challenge of moving from prototypes to mass-produced racks.
11 Articles
11 Articles
Etched, AI chip startup founded by college dropouts, raises $300M at $10.3B valuation to take on Nvidia - Tech Startups
For years, Nvidia has held an iron grip on the AI chip market, turning its GPUs into the default hardware for training and running large language models. That dominance has created a wave of startups trying to carve out a […] The post Etched, AI chip startup founded by college dropouts, raises $300M at $10.3B valuation to take on Nvidia first appeared on Tech Startups.
Etched raises $300M at a $10.3B valuation, SK Hynix in
Etched has a simple pitch. Nvidia builds chips that do everything. Etched builds chips that do one thing, inference, and claims to do it far better. On Thursday the bet got a lot more money behind it. The startup raised $300 million in a Series C round that values it at $10.3 billion. Sequoia led […] This story continues at The Next Web
AI chip startup Etched raises $300 million at $10.3 billion valuation
Coverage Details
Bias Distribution
- 57% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
