Etched

Semiconductors · San Jose, CA · Founded 2022 · Privately Held (backing)

Developer of an artificial intelligence-based computing hardware designed to cut LLM inference costs radically, specialized for transformers. Etched is based in San Jose, CA and was founded in 2022. It was valued at $21 billion at its Series D in Aug 2026, the last priced event on record. It has raised $745 million across 5 recorded rounds; the latest was a $700 million Series D in Aug 2026.

PMV mark · valuation
$21.0B
Oct 2026
Priced at
its Series D
Aug 2026
Total raised
$745.0M
Last round
Series D
Aug 2026
How much has Etched raised?
$745.0Macross 5 recorded rounds · Mar 2023 – Aug 2026

Most recently, Etched raised $700.0M in its Series D (Aug 2026).

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Etched round by round

5 rounds
Aug 2026Series D$700.0M▮
Jane Streetlead+ 11 more investors · free account
Jul 2026Series C$300.0M▮
Sequoia Capitallead+ 2 more investors · free account
Jan 2026Series B$500.0M▮
Stripeslead+ 4 more investors · free account
Jun 2024Series A$120.0M▮
Positive SumleadPrimary Venture Partnerslead+ 19 more investors · free account
Mar 2023Seed$5.4M▮
Primary Venture Partnerslead+ 1 more investors · free account

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.

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.

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Frequently asked about Etched

How much has Etched raised?
Etched has raised $745.0M in total across 5 recorded funding rounds.
Who are Etched's lead investors?
Lead investors in Etched's recorded rounds include Jane Street, Positive Sum, Primary Venture Partners, Sequoia Capital, Stripes.
When was Etched's last funding round?
Etched's most recent recorded round was Series D in Aug 2026, raising $700.0M.