SK Hynix-backed AI chip startup Etched raises $300M at $10.3B valuation

Seeking Alpha ·

Etched, an artificial intelligence semiconductor startup that is backed by SK Hynix ( SKHY ), announced on Thursday that it has raised $300M in a Series C funding round. The new funding round, which was led by Sequoia Capital, values Etched at a $10.3B valuation, the

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SK hynix-backed AI semiconductor startup Etched has secured $300 million in a Series C funding round led by Sequoia Capital, reaching a valuation of $10.3 billion. This massive fundraising reflects strong venture capital sentiment toward the specialized AI chip market and is expected to accelerate the expansion of the related ecosystem. Investors should pay attention to the growth potential of startups with next-generation architectures in the Nvidia-centric AI chip market.

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