AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors
Etched says it doubled its valuation to $10.3 billion after manufacturing its chips and booking $1 billion in orders.
The $300 million Series C was led by Sequoia, with Andreessen Horowitz, SK Hynix, Jane Street, and others participating. Etched says its systems are built for faster, cheaper inference, using a low-voltage prefill chip and shared cluster-scale memory for decode. Robert Wachen told TechCrunch the hardware can run a range of AI models, not only specific LLMs, though access has so far been limited to investors and early customers. The company still has to move from lab systems and demos to mass-produced rack systems. TechCrunch AI's note
The $300 million Series C was led by Sequoia, with Andreessen Horowitz, SK Hynix, Jane Street, and others participating. Etched says its systems are built for faster, cheaper inference, using a low-voltage prefill chip and shared cluster-scale memory for decode. Robert Wachen told TechCrunch the hardware can run a range of AI models, not only specific LLMs, though access has so far been limited to investors and early customers. The company still has to move from lab systems and demos to mass-produced rack systems. TechCrunch AI's note
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