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AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors
Etched, the AI chip startup founded by three Harvard dropouts in 2022, has closed a $300 million Series C funding round at a $10.3 billion valuation, co-founder and COO Robert Wachen tells TechCrunch.
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Etched, an AI chip startup founded by three Harvard dropouts in 2022, closed a $300 million Series C round that values the company at $10.3 billion, COO Robert Wachen said. The funding was led by Sequoia, with Andreessen Horowitz, SK Hynix, Jane Street, and Diffusion Capital also participating. Earlier investors include Peter Thiel, Andrej Karpathy, Dylan Field, and Amjad Masad, among others. The round brings the total capital raised to $300 million, marking a significant milestone for the company’s growth.
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