Etched raises $500M Series B at $5B valuation

Etched/Sohu

Etched closed a $500M Series B round at a $5 billion post-money valuation, led by Stripes. The funding marks continued investor confidence in specialized AI inference hardware as alternatives to general-purpose GPUs.

• $500M Series B led by Stripes; other investors include Positive Sum, Ribbit Capital, and VentureTech Alliance (linked to TSMC)
• Valuation jumped to $5B from $120M Series A, reflecting market demand for specialized inference silicon
• Etched booked over $1B in customer contracts ahead of shipping