Etched
PrivateLast Round
Growth Equity
Oct 5, 2026
Est. Valuation
$21B
Total Funding Raised
$1.63B
Momentum
Top 1%
of companies Caplight tracks
Company Overview
Etched is a semiconductor company that designs and manufactures specialized AI inference hardware, including rack-scale systems optimized for transformer-based and other high-performance AI workloads.
Sector
AI, Data & Cloud Infrastructure
Verticals
Semiconductors, AI Training Infrastructure, Computing Hardware
Business Model
B2B
Customer Profile
Hardware Sales
AI Layer
Infrastructure
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Etched Comparables
Compare Etched with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Advanced Micro Devices | 84% | |
| Groq | 84% | |
| Cerebras Systems | 83% |
Etched Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Growth Equity | Oct 5, 2026 | ||||
| Series D | Aug 18, 2026 | ||||
| Series C | Jul 23, 2026 | ||||
| Series B | Jan 13, 2026 | ||||
| Series A | Jun 25, 2024 | ||||
Seed | Mar 1, 2023 |
Key People
Founding team and executive leadership
Etched Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Andreessen Horowitz | Series D, Series C |
| Bain Capital Ventures | Series D |
| Neo | Series D |
| Oceans Ventures | Series A |
| Blackstone | Series D, Series C |
| Jane Street | Series B, Series C, Series D |
| Fundomo | Series A |
Market signals
Structured signals derived from secondary market and firmographic data.
- Oct 5, 2026
Completed a Growth Equity funding round.
- Sep 1, 2026
Grew 31% QoQ, from 416 to 544 employees.
Recent news
Latest coverage and updates
- is_developingOct 6, 2026
Etched is developing complete AI systems around custom inference silicon built to run trained models quickly and cheaply.
- expands_facilitiesOct 5, 2026
Etched established a factory in Taiwan earlier in 2026 and recently opened a new 80,000-square-foot facility near its office to accelerate production and prototyping.
- receives_financingAug 19, 2026
On Aug 18th '26 in California, Etched announced $700M in Series D financing in a round led by Jane Street, with participation from Kleiner Perkins, Sequoia, Andreessen Horowitz, Tiger Global, Bain Capital Ventures, Neo, Primary, Stripes, Positive Sum and Blackstone, at a $21B valuation.
- hiresAug 18, 2026
Etched hires systems engineer Brian Loiler in 2024 after nearly 23 years at Nvidia, and he helps recruit roughly a dozen Nvidia engineers.
- has_valuationAug 18, 2026
On Aug 18th '26 in California, Etched said its valuation had more than doubled in less than a month to $21B.
Etched Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Request accessAppears On
Curated lists and screens where this company is featured.
Frequently Asked Questions
Common questions about Etched's valuation, stock price, and market status.
Is Etched a public or private company?
Etched is a private company.
What is the current stock price of Etched?
Etched is a private company, so its shares have no public market price. Caplight tracks Etched's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Etched worth (valuation)?
Etched's valuation is estimated at $21.0B based on funding round data.
Can I buy Etched stock?
Etched shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Etched's last funding round?
Etched's most recent funding round was Growth Equity on October 5, 2026.
Who are the main investors in Etched?
Key investors in Etched include Jane Street, Positive Sum, Stripes, Sequoia Capital, Primary Ventures.
Will Etched IPO soon?
No public IPO plans have been announced for Etched.
How can I track Etched secondary market activity?
Caplight tracks bids, offers, and trades in Etched's shares on secondary markets.