Founded in 2022, Etched operates in ai chips / semiconductors. Its most recent disclosed valuation is $10.3B. Its shares do not trade on a public exchange.
4 valuations. The latest, $21B post-money, was set by the Series D in Aug 2026.
Jane StreetLEADSSequoia CapitalLEADPPrimary Venture PartnersLEADPPositive Sum VenturesLEAD
Andreessen HorowitzSSK HynixDDiffusion CapitalPPeter ThielAAndrej KarpathyDDylan FieldAAmjad MasadJane StreetSequoia CapitalPrimary Venture PartnersPositive Sum VenturesEtched designs application-specific chips built only to run transformer-based AI models, aiming to beat general-purpose GPUs on throughput, latency and power for inference. Three Harvard dropouts founded the company in 2022, and it now runs a team of more than 400 engineers from Nvidia, Google's TPU group, Broadcom, SK Hynix and TSMC, based in San Jose, California.
Its A0 chip returned from TSMC's N4P process, and the company has opened a Taiwan factory alongside a data center and test lab in San Jose to fulfill more than $1 billion in customer contracts for its first racks, built on a hybrid HBM and SRAM memory design called CSM.
Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds Etched.
Often trade at a premium or discount to NAV.
Platforms match existing holders with buyers. Etched availability at any moment is set by the holders.
High minimums, transfer approval, company right-of-first-refusal.
Valuations, rounds and IPO status for every company in the directory — Etched included.
The last valuation is $10.3B.
Lead investors for each round are in the funding timeline.
The closest ai chips / semiconductors peers are on the competitors page.
The routes section explains what is realistically available for a company at this stage.
Perpetual markets for stocks, gold, indices and pre-IPO names — settled on-chain, no wallet-to-exchange transfers.
