AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors
TechCrunch
AI chip startup Etched has secured a $300 million Series C funding round, doubling its valuation to $10.3 billion.Summary
AI chip startup Etched has raised a $300 million Series C funding round led by Sequoia, pushing its valuation to $10.3 billion in just seven months. Founded by Harvard dropouts, the company specializes in designing custom chips and systems optimized for transformer-based AI models and inference acceleration. Despite early skepticism and challenges, Etched has manufactured its homegrown silicon, booked $1 billion in orders, and gained backing from prominent industry figures and investors.
(Source：TechCrunch)