Etched valued at $5B for AI chip with $1B in pre-sales
AI chip startup Etched, a competitor to Nvidia, has achieved a $5 billion valuation and secured $1 billion in pre-orders for its specialized AI inference systems.
- AI chip startup Etched, founded in 2022, announced a $5 billion post-money valuation after securing a $500 million funding round in December.
- The company has already booked $1 billion in contract orders for its ‘frontier inference clusters,’ which are systems designed for faster and more efficient AI inference.
- Etched attracted significant investors, including VentureTech Alliance, Jane Street, and Stripes, as well as angel investors like Andrej Karpathy and Geoffrey Hinton.