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AI chip startup Etched doubles valuation to $10.3B with new funding

By PulseAugur Editorial · [2 sources] ·

AI chip startup Etched has achieved a $10.3 billion valuation after closing a $300 million Series C funding round. The company, founded by Harvard dropouts, has developed specialized chips and memory components designed to accelerate AI model inference, aiming for lower power consumption and higher speeds. This latest funding round, which saw participation from major investors like Sequoia and Andreessen Horowitz, more than doubles Etched's previous valuation from just seven months ago. AI

IMPACT This funding round for Etched signals strong investor confidence in specialized AI hardware, potentially accelerating the development and adoption of custom silicon for AI inference.

RANK_REASON Significant funding round for an AI infrastructure company with a high valuation.

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AI-generated summary · Google Gemini · from 2 sources. How we write summaries →

AI chip startup Etched doubles valuation to $10.3B with new funding

COVERAGE [2]

  1. TechCrunch AI TIER_1 English(EN) · Julie Bort ·

    AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors

    Etched, founded by three Harvard dropouts, has created new chips and memory components that speed up inference on any AI model -- no GPUs required, it says.

  2. Mastodon — fosstodon.org TIER_1 English(EN) · [email protected] ·

    AI chip startup Etched, founded by three Harvard dropouts, has reached a 10.3B USD valuation after securing investment from big-name investors. The company has

    AI chip startup Etched, founded by three Harvard dropouts, has reached a 10.3B USD valuation after securing investment from big-name investors. The company has created specialised chips and memory components that speed up AI model inference without GPUs. https:// techcrunch.com/2…

    LINKS techcrunch.com/…/ai-chip-startup-etched-d…

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