Etched Raises $500M to Compete with Nvidia in AI Chip Market
DATA AND AI INFRASTRUCTURE
Etched has secured $500 million in funding, led by Stripes, to position itself as a competitor to Nvidia in the AI chip market, bringing its valuation to $5 billion. Founded in 2022 in San Jose, California, the startup specializes in custom ASICs for AI applications, including its Sohu chip developed with Taiwan Semiconductor Manufacturing. With this latest round, Etched's total funding has approached $1 billion.
Jan 15, 2026, 6:06 AM
