--- title: Etched raises $300M at a $10.3B valuation, SK Hynix in description: AI chip startup Etched has raised $300M in a Series C round led by Sequoia, valuing the company at $10.3 billion — double its $5 billion valuation from just... canonical: https://daily.dev/posts/etched-raises-300m-at-a-10-3b-valuation-sk-hynix-in-hmkznotmf twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Etched raises $300M at a $10.3B valuation, SK Hynix in | daily.dev og:description: AI chip startup Etched has raised $300M in a Series C round led by Sequoia, valuing the company at $10.3 billion — double its $5 billion valuation from just... og:url: https://daily.dev/posts/etched-raises-300m-at-a-10-3b-valuation-sk-hynix-in-hmkznotmf og:image: https://api.daily.dev/og/posts/HmKZnoTmF.png og:image:alt: Etched raises $300M at a $10.3B valuation, SK Hynix in og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Etched raises $300M at a $10.3B valuation, SK Hynix in **[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments ## Summary AI chip startup Etched has raised $300M in a Series C round led by Sequoia, valuing the company at $10.3 billion — double its $5 billion valuation from just seven months ago. The company, founded by three Harvard dropouts, builds chips specialized exclusively for AI inference rather than general-purpose compute. Key backers include Andreessen Horowitz, Jane Street, and memory giant SK Hynix. Etched claims two core innovations: low-voltage inference to reduce heat and enable denser transistor packing, and a shared memory pool spanning entire chip clusters using a proprietary interconnect. The company has opened an 80,000 sq ft facility near San Jose and a factory in Taiwan, with demand reportedly outpacing supply as customers move from testing to deployment. Etched has now raised over $1 billion in total. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors](https://daily.dev/posts/ai-chip-startup-etched-defies-skeptics-hits-10-3b-valuation-from-big-name-investors-iymxifl0b) · TechCrunch · 1 upvotes · 0 comments --- Tags: [#nvidia](https://daily.dev/tags/nvidia), [#gpu](https://daily.dev/tags/gpu) [View this post on daily.dev](https://daily.dev/posts/etched-raises-300m-at-a-10-3b-valuation-sk-hynix-in-hmkznotmf) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Etched raises $300M at a $10.3B valuation, SK Hynix in","url":"https://daily.dev/posts/etched-raises-300m-at-a-10-3b-valuation-sk-hynix-in-hmkznotmf","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/etched-raises-300m-at-a-10-3b-valuation-sk-hynix-in-hmkznotmf"},"datePublished":"2026-07-23T16:45:37.619Z","dateModified":"2026-07-23T18:42:11.977Z","description":"AI chip startup Etched has raised $300M in a Series C round led by Sequoia, valuing the company at $10.3 billion — double its $5 billion valuation from just...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/1e810afff1e5827ad924d2cd18c41910?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/1e810afff1e5827ad924d2cd18c41910?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/etched-raises-300m-at-a-10-3b-valuation-sk-hynix-in-hmkznotmf","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"nvidia,gpu","timeRequired":"PT3M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"Etched raises $300M at a $10.3B valuation, SK Hynix in"}]} ```