SK Hynix-backed Etched raises $300M led by Sequoia Capital, targeting AI inference growth with specialized hardware.
Etched, an AI semiconductor startup, raised $300M in a Series C funding round led by Sequoia Capital, valuing the company at $10.3B. The capital will accelerate development of architecture-agnostic chips designed for AI inference workloads.
The valuation reflects investor confidence in Etched’s technical approach, including innovations in power efficiency and memory access for large-scale AI models. Prior funding rounds and market demand for AI infrastructure have driven rapid growth in the sector.
Etched’s hardware targets computational bottlenecks, aiming to improve performance for diverse AI applications while reducing energy consumption.