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

Etched Valuation: $21B After the Aug 2026 Series D

Private

Etched was last valued at $10.3B (post-money). It comes from the $700M Series D of Aug 2026. The company is private, so there is no listed share price.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Etched valuation · at a glance
Last valuation
$10.3B
POST-MONEY · JUL 2026
Lead investors
4
across 5 rounds
Raised across rounds
$1.6B
5 rounds
Date of last round
Aug 2026
closed 18 Aug 2026
Valuation history

How the Etched valuation has moved

4 valuations. The latest, $21B post-money, was set by the Series D in Aug 2026.

$10.3B
Mar 2023
$34M
Seed · post-money
Dec 2025
$5B
Funding round · post-money
+14606% vs prior valuation
Jul 2026
$10.3B
Series C · post-money
+106% vs prior valuation
Aug 2026
$21BLATEST
Series D · post-money
+104% vs prior valuation
Latest valuation
$21Bpost-money
Set by the Series D · 18 Aug 2026
×617.6since the $34M Seed in Mar 2023
Valuations
4
Priced rounds with a valuation
Event type
Primary round
The Series D · $700M raised
Funding rounds

Etched rounds and the valuation each one set

5 rounds
Round
Date
Amount
Valuation
Basis
Series D LATEST
18 Aug 2026
$700M
$21B
POST-MONEY
Series C
23 Jul 2026
$300M
$10.3B
POST-MONEY
Funding round
1 Dec 2025
$500M
$5B
POST-MONEY
Series A
25 Jun 2024
$120M
—
—
Seed
1 Mar 2023
$5.4M
$34M
POST-MONEY
Lead investors
Leads: Jane Street, Positive Sum Ventures, Primary Venture Partners, Sequoia Capital.
Full funding history — Etched profile ›
What the valuation means

What the $10.3B actually measures

A private valuation is the price agreed in one transaction. The Etched valuation of $10.3B is a post-money figure from the Series D dated 18 Aug 2026 — the whole company measured after the $700M raised in that round was already inside it. Subtract the round and the pre-money view of the same deal is $9.6B .

The valuation holds until the next priced round or secondary sale. A private company founded in 2022 with roughly 150 people has no daily price and no order book between rounds.

Where the $10.3B comes from
EventSeries D, dated 18 Aug 2026
Basispost-money
Round size$700M
LeadJane Street

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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