Etched

Private

Designs custom application-specific integrated circuits (ASICs) optimized exclusively for transformer-based AI models. Its first product, Sohu, is built on TSMC's 4nm process and claims to deliver over 500,000 tokens per second on Llama 70B.

Founders Gavin Uberti, Chris Zhu, Robert Wachen

CEO Gavin Uberti

Company

Founded

2022

Headquarters

Cupertino, US

Employees

51-200

Financials

Total Funding

$625M

Last Valuation

$5.0B

Sectors

Artificial Intelligence Hardware

www.etched.com Twitter Blog

Funding History

3 rounds

Series B Jan 13, 2026

$500M

Valuation: $5.0B

Stripes (Lead) Peter Thiel Positive Sum Ribbit Capital

Series A Jun 25, 2024

$120M

Valuation: $500M

Primary Venture Partners (Lead) Positive Sum (Lead) Peter Thiel Two Sigma Ventures Fontinalis Partners Velvet Sea Ventures Earthshot Ventures Hummingbird Ventures Max Ventures

Seed Mar 1, 2023

$5M

Valuation: $34M

Primary Venture Partners (Lead) Max Ventures

Funding data is compiled from multiple independent sources including company announcements, press coverage, and regulatory filings. While we strive for accuracy, amounts and dates may reflect reported figures at time of announcement.