Etched raises $300M at a $10.3B Valuation to Scale Production of Frontier Scale Inference Hardware

Etched raises $300Mata$10.3B Valuation

July 23, 2026 — SAN JOSE

Etched announced $300MSeriesCat$10.3B valuation led by Sequoia, with a16z, Jane Street, Diffusion, and SK Hynix. Company claims highest valuation ever for a Sequoia-led Series C. Funding to scale production and customer deployments. Opened 80,000 sq ft facility near San Jose (10 MW Milpitas site for NPI lab, SMT line). Has raised over $1B total.