Etched key facts
as of Oct 2026- Developer of an artificial intelligence-based computing hardware designed to cut LLM inference costs radically, specialized for transformers.
- Etched is valued at approximately $21.0B as of Oct 2026, set at its Series D, Aug 2026; nothing has traded since, per PrivateMarketView’s mark.
- It has raised $745.0M across 5 recorded rounds; the latest was Series D ($700.0M) in Aug 2026.
- Notable investors include Andreessen Horowitz, Sequoia Capital, Soma Capital, Tiger Global Management, Kleiner Perkins — 57 tracked in total.
- 4 investment vehicles were formed to buy Etched shares in the last 12 months, reporting $14.1M sold to 95 investors, per SEC Form D filings.
- Status: Privately Held (backing).
Valued at $21.0B at its Series D, Aug 2026. Nothing has traded since.
- ·Post-money valuations for 3 rounds
- ·The complete investor list: 57 names
- ·Everyone on the team, board and advisors included
- ·Watch Etched: the Monday email on marks, rounds and moves
Etched funding rounds
5 roundsVehicles formed to buy Etched shares
secondary demand · SEC Form D filingsIn the last 12 months, 4 investment vehicles were formed to buy Etched shares, reporting $14.1M sold to 95 investors across 4 sponsors. Most recent filing Feb 2026.
Membership and data by Private Market View
Etched leadership
- Chris ZhuCo-Founder
- Robert WachenCo-Founder and COO
- Gavin UbertiCo-Founder and CEO
- Ajat HukkooVice President of Hardware Engineering
Who backs Etched
57+Etched valuation
Etched was valued at $21 billion at its Series D in Aug 2026. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.
Recent activity
In the last 90 days, Etched's record added 1 funding round.
How much has Etched raised?
Etched has raised $745 million across 5 recorded rounds since 2023. The largest was a $700 million Series D in Aug 2026. 3 of the rounds disclosed a post-money valuation.
Institutional holders and vehicles
In the last 12 months, 4 investment vehicles were formed to buy Etched shares, reporting $14.1 million sold to 95 investors across 4 sponsors, per SEC Form D filings (most recent Feb 2026).
Etched investors
57 investors are on record for Etched, including Andreessen Horowitz, Sequoia Capital, Soma Capital and Tiger Global Management. By type, the record holds 21 venture capital firms and 4 angel investors. The Series D in Aug 2026 drew 14 investors.
Who runs Etched
7 people are listed on the Etched team: 7 executives, including Chris Zhu (Co-Founder) and Gavin Uberti (Co-Founder).
Comparable companies
About Etched
Developer of an artificial intelligence-based computing hardware designed to cut LLM inference costs radically, specialized for transformers. The company offers hard-coding chips for the transformer architecture, allowing for quick computation of language models compared to general-purpose GPUs, enabling developers to generate new content in real-time.
- Industry
- Semiconductors
- Sector
- Information Technology
- HQ
- San Jose, CA, United States
- Founded
- 2022
- Employees
- 35
- Categories
- AI Infrastructure, Artificial Intelligence (AI), Computer, Hardware, Manufacturing, Semiconductor
- Website
- etched.com/
- Ownership
- Privately Held (backing)
Is this your company? Sign in with your work email to keep it current, or tell us what's wrong.