Etched Raises $300M Series C at $10.3B Valuation

Etched has closed a $300 million Series C at a $10.3 billion valuation, with investment from Sequoia, Andreessen Horowitz, Jane Street, Argo, and SK Hynix, as the company works toward its mission to "run the world's inference."

The fresh capital will accelerate production of Etched's inference clusters, with the company opening an 80,000-square-foot, 10-MW facility just 15 minutes from its office to speed up prototyping and manufacturing.

The raise follows Etched's emergence from stealth with over $1 billion in customer contracts already secured and its first inference racks slated to ship this summer, building on the company's Low-Voltage Inference and Cluster-Scale Memory architecture breakthroughs unveiled alongside the funding news.