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ETCHED
Etched
AI chips / semiconductors · San Jose, California · United States · Founded · 2022 · ≈ · 150 · employees

Etched Funding — Last Valued at $10.3B

Private

Etched has raised $1.6B across 5 funding rounds. The latest round valued Etched at $21B post-money, with Jane Street on the lead line.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Etched funding · at a glance
Total raised, all rounds
$1.6B
sum of disclosed sizes
Funding rounds
5
priced rounds
Latest round
$21B
post-money · Aug 2026
Lead on that event
Jane Street
Kleiner Perkins, Sequoia Capital, Andreessen Horowitz, Peter Thiel, Tiger Global, Bain Capital Ventures, Neo, Stripes, Primary, Positive Sum, Diffusion, Argo, Blackstone
2026
About Etched

Sequoia Capital led a $300 million Series C round that valued Etched at $10.3 billion, and the company later raised $700 million at a $21 billion valuation led by Jane Street. Andreessen Horowitz, Diffusion, Argo and SK Hynix have also backed the AI chip maker.

Funding timeline

The Etched funding timeline

5 funding rounds, the latest highlighted.

2022
Etched founded

Etched was founded in 2022, United States.

MAR 2023
Seed at $34M post-money

A primary round — the company sells new shares to investors it selects. $5.4M raised.

Valuation basispost-moneyAmount$5.4MPrice / shareLead
JUN 2024
Series A

A primary round — the company sells new shares to investors it selects. $120M raised, led by Primary Venture Partners, Positive Sum Ventures.

Valuation basisAmount$120MPrice / shareLeadPrimary Venture Partners, Positive Sum Ventures
DEC 2025
Funding round at $5B post-money

A primary round — the company sells new shares to investors it selects. $500M raised.

Valuation basispost-moneyAmount$500MPrice / shareLead
JUL 2026
Series C at $10.3B post-money

Existing holders. $300M raised, led by Sequoia Capital.

Valuation basispost-moneyAmount$300MPrice / shareLeadSequoia Capital
AUG 2026LATEST
Series D at $21B post-money

Kleiner Perkins, Sequoia Capital, Andreessen Horowitz, Peter Thiel, Tiger Global, Bain Capital Ventures, Neo, Stripes, Primary, Positive Sum, Diffusion, Argo, Blackstone. $700M raised, led by Jane Street.

Valuation basispost-moneyAmount$700MPrice / shareLeadJane Street
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

Etched funding rounds in full

5 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Series D LATEST
Aug 2026
$700M
$21Bpost-money
—
Jane Street
Kleiner Perkins, Sequoia Capital, Andreessen Horowitz, Peter Thiel, Tiger Global, Bain Capital Ventures, Neo, Stripes, Primary, Positive Sum, Diffusion, Argo, Blackstone
Series C
Jul 2026
$300M
$10.3Bpost-money
—
Sequoia Capital
existing holders
Funding round
Dec 2025
$500M
$5Bpost-money
—
—
—
Series A
Jun 2024
$120M
—
—
Primary Venture Partners, Positive Sum Ventures
—
Seed
Mar 2023
$5.4M
$34Mpost-money
—
—
—
Etched · investors

Investors

Jane StreetLEADSSequoia CapitalLEADPPrimary Venture PartnersLEADPPositive Sum VenturesLEADAndreessen HorowitzSSK HynixDDiffusion CapitalPPeter ThielAAndrej KarpathyDDylan FieldAAmjad Masad

Frequently asked questions

What is Etched's valuation?›

The last valuation is $10.3B.

Who has invested in Etched?›

Lead investors for each round are in the funding timeline.

Who are Etched's competitors?›

The closest ai chips / semiconductors peers are on the competitors page.

How can I get exposure to Etched?›

The routes section explains what is realistically available for a company at this stage.

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