Funding round
Etched Growth
Reported as "Growth Equity"
Etched, which works in superintelligence hardware development and manufacturing in San Jose, raised $500M in a Growth round announced on 13 Jan 2026, led by Stripes, at a $5.00B post-money valuation. 5 firms took part. It is Etched's third venture round on record; the one before was a Series A in Jun 2024.
$500M
Amount raised
$5.00B
Post-money valuation
$4.50B pre-money
5
Investors
1 lead
147x
Step-up from the Seed
$34M in Mar 2023
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Etched at $5.00B after the new money, 147.1 times the $34M of its Seed (Mar 2023). The $500M bought investors about 10% of the company. It came 19 months after Etched's Series A. It is 38% of the $1.33B Etched has raised in the venture rounds on record. Etched raised again 7 months later: a Growth round of $700M in Aug 2026, at $21.00B post-money.
Etched's funding rounds
Etched has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Stripes led the round with 4 other firms.
Lead investor
- Stripes backs 101 venture-backed companies new investor
Also in the round
- Positive Sum new investor
- Ribbit backs 126 venture-backed companies new investor
- Founders Fund backs 368 venture-backed companies new investor
- VentureTech Alliance new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
21 Growth rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $82M, and this round was 6.1 times the median. The closest in time, other companies' Growth rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 15 Jan 2026 | $60M | not disclosed | Ireland Strategic Investment Fund |
| Electronical Components Manufacturing | 28 Jan 2026 | $50M | not disclosed | not named |
| Electronical Components Manufacturing | 27 Jan 2026 | $25M | not disclosed | not named |
| Electronical Components Manufacturing | 17 Dec 2025 | $125M | not disclosed | DCVC |
| Electronical Components Manufacturing | 1 Dec 2025 | $35M | not disclosed | Tencent |
| Rapidus Electronical Components Manufacturing | 2 Mar 2026 | $1.70B | not disclosed | not named |
| Electronical Components Manufacturing | 5 Nov 2025 | $100M | $1.00B | not named |
| Electronical Components Manufacturing | 2 Mar 2026 | $82M | not disclosed | Trident Growth Partners and Amicus Capital Partners |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Etched raise in its Growth round?
Etched raised $500M in its Growth round, announced in Jan 2026.
Who led Etched's Growth round?
Stripes led it, with Positive Sum, Ribbit, Founders Fund and VentureTech Alliance.
What was Etched's valuation at the Growth round?
$5.00B post-money ($4.50B pre-money).
How does it compare with other Growth rounds in Electronical Components Manufacturing?
21 Growth rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $82M, and this round was 6.1 times the median.
Did Etched raise again after this round?
Yes: a Growth round in Aug 2026 of $700M at $21.00B post-money.