Etched Stock
| Valuation | $21B1 |
| Valuation Date | Aug 18, 2026 |
| Implied Valuation | $22.89B |
| Last Price | $264.87 |
| 52-Week High | $264.87 |
| 52-Week Low | $51.69 |
| YTD Return | +378.45% |
| 1-Year Return | +396.10% |
| 3-Year Return | n/a |
| Total Funding | $1.9B2 |
| Latest Round Amount | $700M1 |
| Latest Round | Series D |
| Funding Rounds | 6 |
| 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.
Invest in Etched
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News
Etched Raises $700M at a $21B Valuation and Completes First Customer Delivery to Jane Street
Etched announced $700 million in new funding at a $21 billion valuation, with Jane Street leading the round and becoming its first customer after receiving the company's first rack-scale deployment.
Etched shipped its first rack to Jane Street
Etched delivered its first frontier inference rack to Jane Street, marking the company's first customer deployment as it scales production for additional contracted buyers.
Inference chip startup Etched raises $700M more at $21B valuation
CEO Gavin Uberti said Etched delivered its first rack from scratch in three years and expects the next one much faster, as Jane Street led the round and became its first paying customer.
Etched Raises $700M at a $21B Valuation and Completes First Customer Delivery to Jane Street
Etched announced $700 million in new funding at a $21 billion valuation led by Jane Street and said it shipped its first inference rack to the trading firm, which is deploying the technology in its wo...
Etched Raises $700M at a $21B Valuation and Completes First Customer Delivery to Jane Street
Etched announced $700 million in new funding at a $21 billion valuation and shipped its first rack to Jane Street, which is actively deploying the hardware.
AI chip startup Etched doubles valuation to $21 billion in under a month
Etched raised $700 million in a Series D round led by Jane Street at a $21 billion valuation, more than doubling its $10.3 billion July Series C mark. Jane Street is also Etched's first customer and i...
Etched's valuation doubles to $21B in a month
Etched raised $700 million at a $21 billion valuation in a round led by Jane Street, roughly doubling its valuation a month after its $300 million Series C at $10.3 billion.
Etched ships first rack to Jane Street, raises $700M at $21B valuation
Etched announced it shipped its first inference rack to Jane Street and raised $700 million at a $21 billion valuation to accelerate production of its transformer-focused hardware.
Etched Raises $700M at $21B Valuation and Completes 1st Customer Delivery to Jane Street
Etched closed $700 million in new funding at a $21 billion valuation and named Jane Street as its first customer after delivering a rack that the trading firm is deploying in its datacenter.
AI chip startup Etched raises $300 million at $10.3 billion valuation
Etched closed a $300 million Series C led by Sequoia at a $10.3 billion valuation, with participation from Andreessen Horowitz, Jane Street, Diffusion and SK Hynix.
Etched raises $300M at $10.3B valuation
Etched raised $300 million in a Series C round valuing the AI inference chipmaker at $10.3 billion and said it would expand production and customer deployments.
Partnering with Etched: Building the Inference Machine
Sequoia led Etched's $300 million Series C at a $10 billion pre-money valuation, backing the startup's rack-scale inference hardware as early customers begin deployments.
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...
Inference chip startup Etched emerges from stealth with $800m funding, unveils working chip
Etched came out of stealth with a working TSMC N4P chip, more than $1 billion in signed customer contracts, and $800 million raised across prior rounds including a $5 billion December 2025 valuation.
Etched Emerges From Stealth With Working Chip, $800M Raised, and Over $1B in Customer Contracts
Etched emerged from stealth with a working inference chip and more than $1 billion in signed customer contracts. The company disclosed $800 million raised across multiple unannounced rounds, including...
Etched Emerges From Stealth With Working Chip, $800M Raised, and Over $1B in Customer Contracts
Etched came out of stealth with working inference silicon, more than $1 billion in signed customer contracts, and $800 million raised across prior unannounced rounds.
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...