Funding round
Etched Growth
Reported as "Growth Equity"
Etched, which works in superintelligence hardware development and manufacturing in San Jose, raised $700M in a Growth round announced on 18 Aug 2026, led by Jane Street, at a $21.00B post-money valuation. 14 firms took part. It is Etched's fourth venture round on record; the one before was a Growth in Jan 2026.
$700M
Amount raised
$21.00B
Post-money valuation
$20.30B pre-money
14
Investors
1 lead
4.2x
Step-up from the Growth
$5.00B in Jan 2026
3.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Etched at $21.00B after the new money, 4.2 times the $5.00B of its Growth (Jan 2026). The $700M bought investors about 3.3% of the company. It came 7 months after Etched's Growth. It is 53% of the $1.33B Etched has raised in the venture rounds on record. No later venture round is on record for Etched.
Etched's funding rounds
Etched has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Jane Street led the round with 13 other firms.
Lead investor
- Jane Street new investor
Also in the round
- Kleiner Perkins backs 285 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
- Tiger Global backs 391 venture-backed companies new investor
- Bain Capital Ventures backs 220 venture-backed companies new investor
- backs 54 venture-backed companies new investor
- backs 71 venture-backed companies new investor
- Stripes backs 101 venture-backed companies new investor
- Positive Sum new investor
- Blackstone backs 83 venture-backed companies new investor
- Founders Fund backs 368 venture-backed companies
- Diffusion
- Argo
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
17 Growth rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $100M, and this round was 7.0 times the median. The closest in time, other companies' Growth rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Groq Electronical Components Manufacturing | 22 Jun 2026 | $650M | not disclosed | Disruptive and Infinitum |
| Electronical Components Manufacturing | 29 Jun 2026 | $131M | not disclosed | not named |
| Electronical Components Manufacturing | 25 Jun 2026 | $100M | not disclosed | not named |
| Electronical Components Manufacturing | 27 Apr 2026 | $50M | not disclosed | Pitango |
| Rapidus Electronical Components Manufacturing | 2 Mar 2026 | $1.70B | not disclosed | not named |
| Electronical Components Manufacturing | 2 Mar 2026 | $82M | not disclosed | Trident Growth Partners and Amicus Capital Partners |
| Electronical Components Manufacturing | 31 Mar 2026 | $55M | not disclosed | Serendipity Capital |
| Electronical Components Manufacturing | 15 Jan 2026 | $60M | not disclosed | Ireland Strategic Investment Fund |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Etched raise in its Growth round?
Etched raised $700M in its Growth round, announced in Aug 2026.
Who led Etched's Growth round?
Jane Street led it, with Kleiner Perkins, Sequoia Capital, Andreessen Horowitz, Tiger Global and Bain Capital Ventures and 8 more.
What was Etched's valuation at the Growth round?
$21.00B post-money ($20.30B pre-money).
How does it compare with other Growth rounds in Electronical Components Manufacturing?
17 Growth rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $100M, and this round was 7.0 times the median.