AI Chip Startup Etched Achieves $10.3B Valuation with Series C Funding Led by Sequoia

AI chip startup Etched secured $300M in Series C funding at a $10.3B valuation, led by Sequoia, after developing specialized hardware for AI inference with low-voltage chips and cluster-scale memory technology.

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.

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