Etched Stock
| Valuation | $10.3B1 |
| Valuation Date | Jul 23, 2026 |
| Implied Valuation | $10.43B |
| Last Price | $145.37 |
| 52-Week High | $145.37 |
| 52-Week Low | $49.59 |
| YTD Return | +162.59% |
| 1-Year Return | +167.72% |
| 3-Year Return | n/a |
| Total Funding | $1.1B1, 2 |
| Latest Round Amount | $300M1 |
| Latest Round | Series C |
| Funding Rounds | 4 |
| IPO Status | Unknown |
| Expected IPO Date | n/a |
| Revenue | n/a |
| Revenue Type | n/a |
| P/S Ratio | n/a |
About Etched
Etched is a semiconductor company that designs inference chips and rack-scale systems built specifically for transformer AI models. Its flagship chip, Sohu, hardwires the transformer architecture directly into silicon. The company says a single server of Sohu chips can replace many general-purpose GPUs for large-model inference, cutting the cost and power of running models like ChatGPT. Etched makes money by selling complete inference systems built around these chips to AI labs and data center operators. Etched currently has a working chip and more than $1 billion in signed customer contracts. Its systems now run open models such as DeepSeek, Qwen, Llama and Mamba. The company was founded in 2022 by Gavin Uberti, Chris Zhu and Robert Wachen, and is headquartered in San Jose, California.
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News
Etched raises $300M at a $10.3B Valuation to Scale Production of Frontier Scale Inference Hardware
Etched will use the Series C proceeds to scale production and customer deployments, including a new 80,000-square-foot Milpitas facility for prototyping and manufacturing alongside its Taiwan factory.
AI chip startup Etched closes $300m funding round, doubles its valuation to $10.3bn
Less than a month after emerging from stealth with a working chip, Etched doubled its valuation from $5 billion in December 2025 as demand for its inference hardware outpaces supply.
AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors
Etched closed a $300 million Series C led by Sequoia at a $10.3 billion valuation, more than doubling its December 2025 valuation. The AI inference chip startup says it has $1 billion in signed orders...
Etched Raises $300M with $1B in Pre-Orders
Etched raised $300 million in Series C funding and says it has $1 billion in pre-orders for its transformer-focused inference chips. The company plans to start shipping racks to customers this summer ...
AI chip startup Etched more than doubles valuation to $10.3B in new $300M round
Etched announced a $300 million Series C round with participation from SK Hynix, Andreessen Horowitz, Jane Street, and Diffusion. The company is building an in-house SMT production line at its Milpita...
AI Chip Startup Etched Is in Talks for $20 Billion Valuation
Etched is negotiating two concurrent funding rounds — one led by Jane Street at about a $20 billion valuation and a separate Sequoia Capital-led round at $10 billion. Neither deal has closed and terms...
Nvidia competitor Etched hits $5B valuation, $1B in sales for AI chip
Etched said TSMC has manufactured its Sohu inference chip and that it has booked more than $1 billion in customer contracts, after closing a $500 million round in December at a $5 billion post-money v...
Etched Emerges From Stealth With Working Chip, $800M Raised and Over $1B in Customer Contracts
Etched announced a working Sohu chip, more than $1 billion in signed customer contracts, and $800 million raised to date including a $500 million financing at a $5 billion valuation in December.
AI Chip Startup Etched Aims to Take On Nvidia
AI chip startup Etched raised $120 million to expand manufacturing of its specialized chip that it boasts will rival Nvidia's products. Etched CEO Gavin Uberti joins Ed Ludlow on "Bloomberg Technology...