Etched Raises $300 Million Series C at $10.3 Billion Valuation Led by Sequoia
AI inference chip startup Etched raised $300 million in a Series C funding round at a $10.3 billion valuation, doubling its worth since December. Sequoia led the investment, with Andreessen Horowitz, Jane Street, Argo, and SK Hynix participating.
Co-founders Gavin Uberti, Robert Wachen, and Chris Zhu dropped out of Harvard in 2022 to build a complete inference hardware stack from scratch, encompassing new chips, boards, interconnects, and racks. The company also recently opened an 80,000-square-foot, 10-MW production facility, as specialized silicon enters the market and must prove it can beat general GPUs in real inference clusters.
From the sources (25 posts)
@mtsliveSITUATION DETECTED: SK Hynix joins VentureTech Alliance (TSMC) as investors in AI chip company Etched.
@sonyatweetybirdRT @Etched: We’ve raised $300M in Series C funding at a $10.3B valuation from Sequoia, Andreessen Horowitz, Jane Street, Argo, and SK Hynix…
@sonyatweetybirdWe @Sequoia are leading the Series C in @Etched Etched has built a beautiful machine in Gen 1. And Gen 2/3/++ will only be faster and more ambitious. Maximizing intelligence per flop is both insanely fun engineering and an incredibly nobl
@techmemeAI inference chip startup Etched raised a $300M Series C led by Sequoia, with a16z, SK Hynix, others participating, at a $10.3B valuation, up from $5B in Dec. (@julie188 / TechCrunch) (Visit Techmeme dot com for the link and full context!)
@bhorowitzI am excited to be part of Etched and the next wave of infra capacity!
@a16zRT @Etched: We’ve raised $300M in Series C funding at a $10.3B valuation from Sequoia, Andreessen Horowitz, Jane Street, Argo, and SK Hynix…
@brendanfoodyI remember going on a road trip with @UbertiGavin and @robertwachen right after they dropped out of Harvard, and it was so clear that they would become generational founders even then. @Etched was deeply contrarian early on. Most of the to
@a16z"In 2022, months before ChatGPT and years before Cursor, Claude Code, and Codex, Gavin Uberti, Robert Wachen, and Chris Zhu dropped out of Harvard to make a bet that looked, at the time, nearly irresponsible: they would build an entire infe
@mtsliveSITUATION DETECTED: AI chip startup Etched has raised $300M in Series C funding at a $10.3B valuation from Sequoia, Andreessen Horowitz, Jane Street, Argo and SK Hynix.
@shaunmmaguireThese guys are moving FAST! Go @Etched!
@sonyatweetybird@Etched So proud to be partnering with you all. This team has pulled off the impossible so many times already, and the ambition and speed keeps getting bigger. Thank you for the trust @UbertiGavin @robertwachen and the entire Etched team!
@a16zRT @sarahdingwang: In 2022, months before ChatGPT and years before Cursor, Claude Code and Codex, @UbertiGavin, @robertwachen and @czhu1729…
@a16zRT @RaghuRaghuram: AI inference is quickly becoming the largest workload computers have ever run; and we believe that it's only going to gr…
@_rocktInsane ramp to build 10x more efficient inference. Congrats @robertwachen and @Etched team!
@sonyatweetybirdRT @robertwachen: We often talk about big bets at Etched and there’s no higher conviction investor than @sonyatweetybird and @abhishekm1636…
@packymINFERENCE INFERENCE INFERENCE
@muennighoffRT @Etched: We’ve raised $300M in Series C funding at a $10.3B valuation from Sequoia, Andreessen Horowitz, Jane Street, Argo, and SK Hynix…
@jubertiYou can just build frontier inference. Proud of @UbertiGavin and thrilled for the entire Etched team!
@diggEtched raised $300M at a $10.3B valuation to build custom AI inference chips. The company also opened an 80,000-square-foot, 10-MW facility near its office. Specialized hardware now has to prove it can beat general GPUs in real inference c
@aleximmDemand for inference is going vertical. No team is moving with greater urgency to meet it than @Etched. It's time to build.
@patrick_oshagExcited to welcome Sequoia, a16z, SK Hynix and many other amazing investors into the fold! @sonyatweetybird and I were joking about how we now compare the energy inside other companies to that you feel in the Etched office. It is hard t
@jasonrshumanRT @robertwachen: We often talk about big bets at Etched and there’s no higher conviction investor than @sonyatweetybird and @abhishekm1636…
@jasonrshumanRT @czhu1729: When we started Etched, it was just a LaTeX file and a bet: that intelligence would get so cheap the world's appetite for it…
@jasonrshumanRT @UbertiGavin: I'm excited to announce we have raised $300M led by @sequoia , with participation from @a16z , Jane Street, Diffusion, and…
@mattshumer_RT @Etched: We’ve raised $300M in Series C funding at a $10.3B valuation from Sequoia, Andreessen Horowitz, Jane Street, Argo, and SK Hynix…