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Etched

AI chip startup Etched raised $300M Series C and $800M Jane Street-backed financing. Explore its full funding rounds, valuation history, and investors.

AI Infrastructure
AI chips
Total Raised
$1.2B
Last Reported Valuation
$21.0B
as of Aug 2026
Headquarters
Cupertino, United States

Overview

Etched is an AI infrastructure company developing transformer-focused accelerator hardware for inference workloads. Its purpose-built silicon approach targets customers seeking an alternative to general-purpose GPUs for running transformer models. The tracked funding history includes a $300 million Series C and a later $800 million financing backed by Jane Street, alongside earlier Seed and Series A rounds. The profile separates reported round amounts from valuation claims and links each sourced financing event.

Funding History

4 rounds · Mar 2023 – Aug 2026
$1.2B
Total Raised
4
Valuation: $21.0B
Cumulative: $1.2B

Aspiring Nvidia Rival Gets Backing From Jane Street

Jane Street (Lead)
Source
3
Valuation: $10.3B
Cumulative: $425M

Etched hits $10.3B in Sequoia’s largest Series C ever, years after the VC rejected its three Harvard dropout founders

Investors not disclosed
Source
2
Cumulative: $125M

Etched raised a Series A to develop and manufacture Sohu, an ASIC optimized specifically for transformer inference workloads.

Primary Venture Partners (Lead)Positive Sum (Lead)
1
Cumulative: $5M

Etched raised seed funding to build its transformer-focused AI inference chip company before emerging from stealth.

Primary Venture Partners (Lead)

Frequently Asked Questions

How much funding does AI Funding track for Etched?
AI Funding tracks $1.2B for Etched across 4 funding rounds in this database.
Who are Etched's investors?
Etched's investors include Jane Street, Primary Venture Partners, Positive Sum.
What does Etched do?
Etched is an AI infrastructure company developing transformer-focused accelerator hardware for inference workloads. Its purpose-built silicon approach targets customers seeking an alternative to general-purpose GPUs for running transformer models. The tracked funding history includes a $300 million Series C and a later $800 million financing backed by Jane Street, alongside earlier Seed and Series A rounds. The profile separates reported round amounts from valuation claims and links each sourced financing event.
Where is Etched headquartered?
Etched is headquartered in Cupertino, United States.