AI Chip Startup Etched Weighs Funding at Up to $50 Billion Valuation After Securing $1 Billion in Orders
Summary
AI chip startup Etched weighs new funding at a $40 billion to $50 billion valuation after securing $1 billion in customer orders for its proprietary inference chips, potentially more than doubling its $21 billion September valuation.
Key Points
- Etched reviews funding offers valuing the AI chip startup at $40 billion to $50 billion, potentially more than double its $21 billion valuation from September.
- Etched says it has secured $1 billion in customer orders after manufacturing its test chip at TSMC this summer; Jane Street both led its $700 million round and received an early system.
- About 15% of Etched’s 400-person workforce previously worked at Nvidia, as the startup builds proprietary inference chips it claims are faster and cheaper than Nvidia’s.