AI Chip Startup Etched Attracts Funding Offers at Over $40 Billion Valuation
· Technology · TechCrunch, Bloomberg
AI chip startup Etched is reviewing new investment bids valuing the four-year-old company between $40 billion and $50 billion, according to sources familiar with the matter. The potential funding round follows a $700 million raise in September at a $21 billion valuation led by Jane Street. Etched is developing proprietary chips designed specifically for AI inference to compete directly with Nvidia. The company previously stated it secured $1 billion in customer orders after manufacturing test chips at a TSMC facility. Approximately 15% of Etched's 400 employees are former Nvidia engineers, and the startup operates a 10-megawatt datacenter in Silicon Valley.
Why it matters
The massive valuation offers highlight intense investor demand for alternative AI hardware capable of challenging Nvidia's market dominance.
Read the original report — TechCrunch
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.