Etched closes $300M Series C at $10.3B valuation with SK Hynix investment

Etched/Sohu

Etched closed a $300M Series C at $10.3B valuation in July 2026, led by Sequoia Capital. The round reflects accelerating demand for specialized AI inference hardware and includes strategic investment from SK Hynix, a leading DRAM and HBM supplier.

• $300M Series C led by Sequoia; other investors include Andreessen Horowitz, SK Hynix, Jane Street, and Diffusion Capital
• Valuation more than doubled from Series B ($5B) to $10.3B in less than six months
• SK Hynix investment signals supplier confidence in Sohu's roadmap