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

Who backs Etched?

57 investors
InvestorType
Andreessen HorowitzVenture capital
Sequoia CapitalVenture capital
Soma CapitalVenture capital
Tiger Global ManagementVenture capital
Kleiner PerkinsOther
Bain Capital VenturesVenture capital
Balaji SrinivasanHigh net worth
Ribbit CapitalVenture capital
Blackstone—
Firestreak VenturesVenture capital
+ 47 more investors · a free account shows the complete list
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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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