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
No prints on record
No secondary trades in Etched shares have been recorded yet. When market activity lands it appears here as monthly aggregates and, for platform-recorded trades, dated prints.
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·Post-money valuations for 3 rounds
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Secondary marks are indicative month-end price levels observed across secondary-market trading venues — a level, not a trade — and are the market input to the PrivateMarketView mark. Private share prices aren’t published anywhere. Aggregate figures combine multiple reporting channels — direct participant reports, platform transactions, third-party market intelligence — at monthly granularity. Individually dated prints are a Pro feature and are shown only for transactions recorded on our own platform. Third-party-reported trades are never republished individually, at any tier. Verified prints (✓) have been confirmed against a second source. Prints marked SPV or Forward reflect the structure’s pricing, which can differ from direct share transfers of Etched stock.
