Etched secured three hundred million dollars in a Series C funding round. This investment values the artificial intelligence chip company at ten point three billion dollars. Sequoia led the funding round with several other prominent investors participating. The company plans to use these funds to expand production and customer deployments. Demand for Etched's AI inference systems continues to grow significantly.

Latest round saw participation from SK Hynix, Andreessen Horowitz, Jane Street, and Diffusion

Nvidia rival Etched has raised $300M at a $10.3bn valuation, doubling its worth in seven months and pulling in memory giant SK Hynix as a backer.