AI chip startup Etched has announced the completion of a $300 million Series C round led by Sequoia Capital, valuing the company at $10.3 billion—double its valuation from last December. Founded by three Harvard dropouts, the company has successfully developed its own chips and secured $1 billion in orders. Its system is capable of running any AI model, including DeepSeek and Qwen, demonstrating strong compatibility and significant market potential.
AI chip startup Etched raises $300 million in Series C, valuation reaches $10.3 billion
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Summary
Etched, the AI chip startup from TechFlow, has raised $300 million in Series C funding led by Sequoia Capital, pushing its valuation to $10.3 billion. The company, founded by three Harvard dropouts, has already developed its own chips and secured $1 billion in orders. Its system is compatible with models such as DeepSeek and Qwen. Amid rising funding levels, this move reflects strong investor confidence. The crypto and tech Fear & Greed Index remains skewed toward optimism.
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