Nvidia competitor Etched hits $5B valuation, $1B in sales for AI chip
AI chip startup Etched has reached a $5 billion valuation and secured $1 billion in orders for its specialized inference hardware.Summary
Etched, a startup focusing on specialized AI inference chips, has announced a $5 billion valuation following a $500 million funding round. The company has secured $1 billion in contract orders for its proprietary “frontier inference clusters,” which are designed to improve performance and cost-efficiency for AI models compared to general-purpose GPUs.
Founded in 2022 by Harvard dropouts Gavin Uberti and Robert Wachen, Etched has attracted significant attention from prominent venture capital firms and notable individual investors, including Geoffrey Hinton and Peter Thiel. Despite early struggles to secure funding, the company is now scaling operations as demand for high-performance AI inference infrastructure grows across the industry.
(Source：TechCrunch)