Etched reportedly receives funding offers at $40B+ valuation

AI chip startup Etched is reportedly attracting significant investor interest, with new funding offers suggesting a valuation exceeding $40 billion. This development comes only a few months after the company’s previous major capital raise. According to sources familiar with the matter, the current offers value the startup at double or more than its previous valuation, highlighting the intense market demand for specialized hardware capable of powering large-scale artificial intelligence models. Etched, which focuses on developing dedicated silicon for transformer-based architectures, has become a focal point for venture capital firms looking to capitalize on the ongoing AI infrastructure boom. While the company has not officially confirmed the specific terms of these new offers, the reported figures underscore the rapid escalation in valuations for companies positioned at the core of the AI hardware supply chain.