# Etched

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/etched

- Industry: Hardware
- Headquarters: San Jose, US
- Website: www.etched.com/
- Total disclosed funding: $1.8B
- Investors on record: 25

## About

Based in the US, Etched operates as a manufacturing company designing a chip for running generative AI models. Based in the US, Etched operates as a manufacturing company designing a chip for running generative AI models. Co-Founded in 2022 by Gavin Uberti (CEO), Robert Wachen and Chris Zhu, and headquartered in California, US Etched.ai, Inc. operates as a developer of artificial intelligence-based chips and hardware for large language models (LLMs). In August 2026, Etched, Inc. raised USD 700 million in series D funding led by Jane Street Capital, with participation from Blackstone, Kleiner Perkins, Tiger Global Management, Bain Capital Ventures, Sequoia, Andreessen Horowitz, Stripes, Primary Venture Partners, Positive Sum, Diffusion Capital Partners, and Argo Global Capital and Neo. Individual and other investors also participated in the round. Etched builds frontier-scale AI inference clusters by bringing together proprietary chips, rack systems, software, interconnect technology, and manufacturing processes. The platform is built to handle large-scale AI models, including transformer, mixture-of-experts (MoE), and state-space architectures. The company points to two main technologies: Low Voltage Inference (LVI) for high-throughput workloads and Cluster Scale Memory (CSM) for low-latency inference tasks. Together, they underpin its integrated AI infrastructure offering. Etched generates revenue by selling its specialized Sohu transformer-ASIC chips and AI inference server systems to enterprises, cloud platforms, and AI developers needing high-performance, cost-efficient large-language-model acceleration. The company plans to use the August 2026 funding to expand production and deployment of its AI inference chip systems, support customer deliveries, and meet growing demand for alternative infrastructure.

## Funding rounds

- Round, Oct 18, 2026, $700M — Jane Street
- Series D, Aug 18, 2026, $700M — Kleiner Perkins, Bain Capital, Sequoia, Argo Global Capital, Primary Venture Partners, Stripes, Tiger Global Management, Andreessen Horowitz, Diffusion Capital Partners, Neo Corp, Jane Street Capital, Positive Sum, Blackstone
- Series C, Jul 23, 2026, $300M — Sequoia, Argo Global Capital, Andreessen Horowitz, SK Hynix Inc., Diffusion Capital Partners, Jane Street Capital
- Series A, Jun 25, 2024, $110M — Primary Venture Partners, Hummingbird Ventures, Fontinalis Partners, Lightscape Technologies Inc., Max Ventures, Velvet Sea Ventures, Skybox Datacenters, Positive Sum, Earthshot Ventures, Galaxy, Two Sigma Ventures, Lp, Oceans Equity
- Seed, May 16, 2023, $5.4M — Primary Venture Partners

## Investors

- Primary Venture Partners (https://capitalatlas.ai/funds/primary-venture-partners) — Seed, Series A, Series D
- Hummingbird Ventures (https://capitalatlas.ai/funds/hummingbird-ventures) — Series A
- Fontinalis Partners (https://capitalatlas.ai/funds/fontinalis-partners) — Series A
- Lightscape Technologies Inc. — Series A
- Max Ventures (https://capitalatlas.ai/funds/max-ventures) — Series A
- Velvet Sea Ventures (https://capitalatlas.ai/funds/velvet-sea-ventures) — Series A
- Skybox Datacenters — Series A
- Positive Sum (https://capitalatlas.ai/funds/positive-sum) — Series A, Series D
- Earthshot Ventures (https://capitalatlas.ai/funds/earthshot-ventures) — Series A
- Galaxy (https://capitalatlas.ai/funds/galaxy) — Series A
- Two Sigma Ventures, Lp — Series A
- Oceans Equity (https://capitalatlas.ai/funds/oceans-equity) — Series A
- Sequoia (https://capitalatlas.ai/funds/sequoia) — Series C, Series D
- Argo Global Capital (https://capitalatlas.ai/funds/argo-global-capital) — Series C, Series D
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series C, Series D
- SK Hynix Inc. — Series C
- Diffusion Capital Partners (https://capitalatlas.ai/funds/diffusion-capital-partners) — Series C, Series D
- Jane Street Capital — Series C, Series D
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series D
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series D
- Stripes (https://capitalatlas.ai/funds/stripes) — Series D
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series D
- Neo Corp — Series D
- Blackstone (https://capitalatlas.ai/funds/blackstone) — Series D
- Jane Street