Etched valuation, funding and investors
Etched works in superintelligence hardware development and manufacturing, based in San Jose, United States. Founded in 2022, it has about 96 employees.
- Last round
- Growth · $700M · Aug 2026
- Valuation at last round
- $21.00B
- Headcount
- –
- Grade
- A
- Founded
- 2022
Etched valuation today
VCMC values Etched at $21.4B today, with a range of $18.3B to $26.6B and a grade of A. The valuation starts from its last funding round, a growth round in Aug 2026.
Valuation by date (63 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2022 | $20.2M | $7.37M – $55.6M | $22.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2022 | $20.4M | $7.42M – $56.0M | $22.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2022 | $20.5M | $7.47M – $56.4M | $22.4M (+9%) | before first round | – | unknown | D | 0% |
| 1 Apr 2022 | $20.7M | $7.53M – $56.8M | $22.6M (+9%) | before first round | – | unknown | D | 0% |
| 1 May 2022 | $20.8M | $7.58M – $57.2M | $22.8M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jun 2022 | $21.0M | $7.64M – $57.7M | $22.9M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jul 2022 | $21.1M | $7.70M – $58.1M | $23.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Aug 2022 | $21.3M | $7.75M – $58.5M | $23.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Sep 2022 | $21.5M | $7.81M – $58.9M | $23.4M (+9%) | before first round | – | unknown | D | 0% |
| 1 Oct 2022 | $21.6M | $7.87M – $59.4M | $23.6M (+9%) | before first round | – | unknown | D | 0% |
| 1 Nov 2022 | $21.8M | $7.93M – $59.8M | $23.8M (+9%) | before first round | – | unknown | D | 0% |
| 1 Dec 2022 | $21.9M | $7.99M – $60.3M | $24.0M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jan 2023 | $22.1M | $8.05M – $60.7M | $24.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2023 | $22.3M | $8.11M – $61.2M | $24.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2023 | $34.0M | $29.6M – $78.2M | $68.0M (+100%) | after a round | – | unknown | B | 0% |
| 2 Mar 2023 | $34.1M | $29.6M – $78.2M | $68.0M (+100%) | after a round | – | unknown | B | 0% |
| 1 Apr 2023 | $36.1M | $29.6M – $78.2M | $68.0M (+89%) | after a round | 2 | unknown | B | 0% |
| 1 May 2023 | $38.2M | $29.6M – $78.2M | $68.0M (+78%) | after a round | 2 | unknown | B | 0% |
| 1 Jun 2023 | $40.5M | $29.6M – $78.2M | $68.0M (+68%) | after a round | 2 | unknown | B | 0% |
| 1 Jul 2023 | $42.9M | $29.6M – $78.2M | $68.0M (+59%) | after a round | 2 | unknown | B | 0% |
| 1 Aug 2023 | $45.5M | $29.6M – $78.2M | $68.0M (+50%) | after a round | 2 | unknown | B | 0% |
| 1 Sep 2023 | $48.2M | $29.6M – $78.2M | $68.0M (+41%) | after a round | 2 | unknown | B | 0% |
| 1 Oct 2023 | $61.0M | $29.6M – $106M | $92.2M (+51%) | after a round | 8 | unknown | C | 0% |
| 1 Nov 2023 | $66.4M | $29.6M – $106M | $92.2M (+39%) | after a round | 8 | unknown | C | 0% |
| 1 Dec 2023 | $72.1M | $29.6M – $106M | $92.2M (+28%) | after a round | 8 | unknown | C | 0% |
| 1 Jan 2024 | $78.5M | $29.6M – $106M | $92.2M (+18%) | after a round | 8 | unknown | C | 0% |
| 1 Feb 2024 | $102M | $29.6M – $128M | $112M (+10%) | after a round | 19 | growing | C | 0% |
| 1 Mar 2024 | $114M | $29.6M – $131M | $114M (0%) | after a round | 21 | growing | C | 0% |
| 1 Apr 2024 | $114M | $31.1M – $131M | $114M (0%) | after a round | 21 | growing | C | 0% |
| 1 May 2024 | $114M | $32.5M – $131M | $114M (0%) | after a round | 21 | growing | C | 0% |
| 1 Jun 2024 | $114M | $34.2M – $131M | $114M (0%) | after a round | 21 | growing | C | 0% |
| 26 Jun 2024 | $407M | $287M – $1.0B | $732M (+80%) | after a round | 21 | growing | C | 0% |
| 1 Jul 2024 | $411M | $287M – $1.0B | $732M (+78%) | after a round | 50 | growing | C | 0% |
| 1 Aug 2024 | $432M | $287M – $1.0B | $732M (+70%) | after a round | 50 | growing | C | 0% |
| 1 Sep 2024 | $454M | $287M – $1.0B | $732M (+61%) | after a round | 50 | growing | C | 0% |
| 1 Oct 2024 | $476M | $287M – $1.0B | $732M (+54%) | after a round | 50 | growing | C | 0% |
| 1 Nov 2024 | $513M | $308M – $1.1B | $786M (+53%) | after a round | 69 | growing | C | 0% |
| 1 Dec 2024 | $542M | $308M – $1.1B | $786M (+45%) | after a round | 69 | growing | C | 0% |
| 1 Jan 2025 | $595M | $331M – $1.2B | $845M (+42%) | after a round | 96 | growing | C | 0% |
| 1 Feb 2025 | $633M | $331M – $1.2B | $845M (+33%) | after a round | 96 | growing | C | 0% |
| 1 Mar 2025 | $669M | $331M – $1.2B | $845M (+26%) | after a round | 96 | growing | C | 0% |
| 1 Apr 2025 | $712M | $331M – $1.2B | $845M (+19%) | after a round | 96 | growing | C | 0% |
| 1 May 2025 | $756M | $331M – $1.2B | $845M (+12%) | after a round | 96 | growing | C | 0% |
| 1 Jun 2025 | $805M | $331M – $1.2B | $845M (+5%) | after a round | 96 | growing | C | 0% |
| 1 Jul 2025 | $845M | $332M – $1.2B | $845M (0%) | after a round | 96 | growing | C | 0% |
| 1 Aug 2025 | $1.0B | $405M – $1.4B | $1.0B (0%) | after a round | 222 | growing | C | 0% |
| 1 Sep 2025 | $1.0B | $410M – $1.4B | $1.0B (0%) | after a round | 222 | growing | C | 0% |
| 1 Oct 2025 | $1.0B | $416M – $1.4B | $1.0B (0%) | after a round | 222 | growing | C | 0% |
| 1 Nov 2025 | $1.0B | $422M – $1.4B | $1.0B (0%) | after a round | 222 | growing | C | 0% |
| 1 Dec 2025 | $1.1B | $448M – $1.5B | $1.1B (0%) | after a round | 273 | growing | C | 0% |
| 1 Jan 2026 | $1.1B | $454M – $1.5B | $1.1B (0%) | after a round | 273 | growing | C | 0% |
| 14 Jan 2026 | $5.0B | $4.3B – $6.3B | $5.5B (+10%) | after a round | 273 | growing | A | 0% |
| 1 Feb 2026 | $5.0B | $4.3B – $6.3B | $5.5B (+9%) | after a round | 273 | growing | A | 0% |
| 1 Mar 2026 | $5.1B | $4.3B – $6.6B | $5.7B (+12%) | after a round | 324 | growing | A | 0% |
| 1 Apr 2026 | $5.1B | $4.3B – $6.6B | $5.7B (+11%) | after a round | 324 | growing | A | 0% |
| 1 May 2026 | $5.3B | $4.3B – $6.9B | $6.0B (+14%) | after a round | 401 | growing | A | 0% |
| 1 Jun 2026 | $5.4B | $4.3B – $6.9B | $6.0B (+12%) | after a round | 401 | growing | A | 0% |
| 1 Jul 2026 | $5.4B | $4.3B – $6.9B | $6.0B (+10%) | after a round | 401 | growing | A | 0% |
| 1 Aug 2026 | $5.5B | $4.3B – $6.9B | $6.0B (+8%) | after a round | 401 | growing | A | 0% |
| 19 Aug 2026 | $21.0B | $18.3B – $26.6B | $23.1B (+10%) | after a round | 401 | growing | A | 0% |
| 1 Sep 2026 | $21.1B | $18.3B – $26.6B | $23.1B (+10%) | after a round | 401 | growing | A | 0% |
| 1 Oct 2026 | $21.2B | $18.3B – $26.6B | $23.1B (+9%) | after a round | 401 | growing | A | 0% |
| 24 Oct 2026 | $21.4B | $18.3B – $26.6B | $23.1B (+8%) | after a round | – | growing | A | 0% |
Key facts about Etched
- Founded
- 2022
- Headquarters
- San Jose, United States
- Employees
- about 96 +405% in a year
- Total raised
- $1.33B
- Funding rounds
- 4
- Last round
- Growth Equity Aug 2026
Etched was founded in 2022 by Chris Zhu and Gavin Uberti.
Etched funding history
Etched has 4 funding rounds on record, from Mar 2023 to Aug 2026, $1.33B in total. The latest disclosed valuation is $21.00B post-money (Growth Equity, Aug 2026).
Growth Equity 18 Aug 2026
Led by Jane Street; with Kleiner Perkins, Sequoia Capital, Andreessen Horowitz, Tiger Global, Bain Capital Ventures, Neo, Primary VC, Stripes, Positive Sum, Blackstone, Founders Fund, Diffusion, Argo.
Sources: finance.yahoo.com, techcrunch.com, globenewswire.com and 2 more
$700M
$21.00B post-money
Growth Equity 13 Jan 2026
Led by Stripes; with Positive Sum, Ribbit, Founders Fund, VentureTech Alliance.
Sources: techfundingnews.com, datacenterdynamics.com, news.bloomberglaw.com and 2 more
$500M
$5.00B post-money
Series A 25 Jun 2024
Led by Primary VC, Positive Sum Ventures; with Fontinalis, Earthshot Ventures, Two Sigma Ventures, Hummingbird VC, Oceans, Skybox Data Centers, Fundomo, Lightscape Partners, Firestreak, Velvet Sea Ventures, Galaxy, Max Ventures. Individuals: Peter Thiel, Amjad Masad, Thomas Dohmke, Balaji Srinivasan, Jawed Karim, Bryan Johnson, Charlie Cheever, Stanley Druckenmiller.
Sources: finsmes.com, cnbc.com, pulse2.com and 2 more
$120M
Seed 1 Mar 2023
Investors not disclosed.
Sources: toflow.ai, techstartups.com, gadgetsnow.indiatimes.com
$5.4M
$34M post-money
Etched investors
29 investors have backed Etched; Primary VC, Stripes and Jane Street and 1 more led at least one round.
- Stripes lead, 2 rounds
- Jane Street lead
- Positive Sum Ventures lead
- Founders Fund 2 rounds
- Positive Sum 2 rounds
- Andreessen Horowitz
- Argo
- Bain Capital Ventures
- Blackstone
- Diffusion
- Fundomo
- Galaxy
- Kleiner Perkins
- Ribbit
- Sequoia Capital
- Skybox Data Centers
- Tiger Global
- Two Sigma Ventures
- VentureTech Alliance
What Etched does
Etched works in electronical components manufacturing, with 13 recorded offerings and customers in artificial intelligence, machine learning and data analytics.
Etched.ai, Inc. is an American company engaged in the development and manufacturing of hardware for superintelligence, with a focus on custom Application-Specific Integrated Circuits (ASICs) for artificial intelligence workloads. The company serves industries such as artificial intelligence, machine learning, and data analytics, and operates as both a service provider and manufacturer within the technology sector.
Description from Veridion's company data.
Products and services
- Superintelligence Hardware Development and Manufacturing
- Custom ASIC Design and Manufacturing
- AI Inference Hardware Solutions
- Transformer Architecture Chip Development
- Image Generation Chip Development
- Large Language Model Chip Development
- Machine Learning Hardware Solutions
- Data Analytics Hardware Solutions
- High-Performance Semiconductor Manufacturing
- AI Workload Optimization Services
- Superintelligence Hardware Consulting
- Custom AI Hardware Integration Services
- Superintelligence Hardware Distribution
Markets
- Artificial Intelligence
- Machine Learning
- Data Analytics
Technology
- Custom Application-Specific Integrated Circuits (ASICs) for AI Workloads
- Transformer AI Architecture Chip Design
- Large Language Model Chip Design
- Image Generation Chip Design
Business model
- Business-to-Business
- Manufacturing
Industry codes (NAICS)
- 334413 Semiconductor and Related Device Manufacturing 100% match
Questions about Etched
What is Etched worth?
Valuation $21.4B (range $18.3B to $26.6B), as of 24 Oct 2026. The last disclosed valuation was $21.00B (Growth Equity, Aug 2026).
Has Etched raised money?
Etched has 4 funding rounds on record, from Mar 2023 to Aug 2026, $1.33B in total. The latest disclosed valuation is $21.00B post-money (Growth Equity, Aug 2026).
Who has invested in Etched?
Primary VC, Stripes, Jane Street, Positive Sum Ventures, Founders Fund and Positive Sum, and 23 more. Lead investors include Primary VC, Stripes, Jane Street and Positive Sum Ventures.
How many people work at Etched?
About 96, up 405% over the last year. Headcount grew from 2 in Apr 2023 to 401 in May 2026.
What does Etched do?
Etched works in electronical components manufacturing, with 13 recorded offerings and customers in artificial intelligence, machine learning and data analytics. Its main offerings are superintelligence hardware development and manufacturing, custom ASIC design and manufacturing and AI inference hardware solutions.
When was Etched founded, and where is it based?
Etched was founded in 2022 and is based in San Jose, United States. It has about 96 employees, up 405% over the last year.