AI chip startup Etched reaches $10.3B valuation after $300M Series C led by Sequoia; Harvard dropouts create specialized inference chips, book $1B in orders, double valuation in seven months.

AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors | TechCrunch

Etched, the AI chip startup founded by three Harvard dropouts in 2022, has closed a $300 million Series C funding round at a $10.3 billion valuation, co-founder and COO Robert Wachen tells TechCrunch. The round was led by Sequoia, with Andreessen Horowitz, SK Hynix, Jane Street, and Diffusion Capital also participating, along with other, earlier investors. Other backers of the company include names like Peter Thiel, Andrej Karpathy, Dylan Field, Amjad Masad, and more. Etched was previously value...