AI chip startup Etched raises $300 million at $10.3 billion valuation

Short summary

Etched, an AI inference chip startup, raised $300 million in a Series C round led by Sequoia, valuing the company at $10.3 billion. The company plans to use the funds to scale production and expand customer deployments. Demand for Etched's AI inference systems is reportedly growing significantly.

• •Etched raised $300M Series C at $10.3B valuation
• •Sequoia led the round; funds target production and deployment scaling
• •AI inference chip demand cited as growth driver

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