Etched nearly ran out of cash in 2023 and has since raised $800 million at a $5 billion valuation.

AI chip startup Etched has raised $800M backed by Jane Street and TSMC-linked VentureTech Alliance, with one billion dollars in signed sales contracts.

Etched has raised $800M and locked in $1B in sales contracts for its Sohu transformer chip, which it claims can outperform 160 Nvidia H100 GPUs.

Inference chip startup Etched launches with $800M in funding - SiliconANGLE