AI chip startup Etched completes $300 million Series C financing, valuation reaches $10.3 billion

TechFlow reports that on July 23, AI chip startup Etched announced the completion of a $300 million Series C funding round led by Sequoia Capital, with a valuation reaching $10.3 billion, doubling since last December. The company, founded by three Harvard dropouts, has successfully manufactured its self-developed chip and secured $1 billion in orders. Reportedly, its system can run any AI model, including DeepSeek and Qwen, demonstrating strong compatibility and market potential.