Private Valuation & Funding Round Tracker · Etched

Etched funding rounds & valuation history

Name: Etched Funding Rounds & Valuation History
Creator: growthnavigatefunding.net

Etched, the San Jose AI-chip company building Sohu, a chip designed only to run transformer models, and inference clusters built on it. Funding from the Series A (Jun 2024) to the Growth round (Aug 2026), sourced to Etched, Etched via GlobeNewswire and TechCrunch.

Last updated: 14 Nov 2026 (IST). Every figure re-checked against the linked sources that day. Rows: 3 Currency: US$, nominal

⬇ Download CSV Cite this dataset Methodology & status definitions

Last closed round Closed

$21B

$700M Growth round (Aug 2026)

Raised in rounds listed

$1.12B

Sum of 3 closed rounds with a disclosed amount (GNF calc.)

Largest round

$700M

Growth round (Aug 2026)

Closed rounds listed

Jun 2024 to Aug 2026

Round history

Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.

Etched funding rounds, Jun 2024 to Aug 2026
Date	Status	Round	Amount	Lead / buyer	Valuation	Val. ÷ run-rate	Source
18 Aug 2026	Closed round	Growth round (Aug 2026)With Kleiner Perkins, Sequoia and Andreessen Horowitz. Jane Street is also Etched’s first customer.	$700M	Jane Street	$21BStated by Etched2.04× vs prior closed	—Not disclosedNo run-rate stated in the announcement	Etched, 18 Aug 2026Also: Etched via GlobeNewswire, 18 Aug 2026, TechCrunch, 18 Aug 2026
23 Jul 2026	Closed round	Series C	$300M	Sequoia Capital	$10.3BStated by Etched	—Not disclosedNo run-rate stated in the announcement	Etched, 23 Jul 2026Also: TechCrunch, 23 Jul 2026
25 Jun 2024	Closed round	Series A	$120M	Primary Venture PartnersWith: Positive Sum Ventures	Not disclosedNo company valuation stated by the source	—Not disclosedNo run-rate stated in the announcement	TechCrunch, 25 Jun 2024

Step-up = valuation ÷ the prior closed valuation (GNF calc.), shown only where both figures were stated or reported and neither is a lower bound.

Valuation at each closed round

Valuations as stated or reported at each closed round with a disclosed figure; talks, tenders and filings are not plotted.

Series CJul 2026$10.3B
Aug 2026Aug 2026$21B

Sources: Etched, Etched via GlobeNewswire, TechCrunch. US$ billions, linear scale.

Timeline

Each round and share sale, oldest first.

25 Jun 2024 · Closed
Series A: $120M led by Primary Venture Partners.
23 Jul 2026 · Closed
Series C: $300M at $10.3B led by Sequoia Capital.
18 Aug 2026 · Closed
Growth round (Aug 2026): $700M at $21B led by Jane Street.

Still private: Etched has not filed for an IPO and has not been acquired.

Cite this dataset

Free to quote with a link back. Copy this citation:

Etched Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 14 Nov 2026. https://growthnavigatefunding.net/funding/etched/

Download the data

The same 3 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.

File: etched-rounds.csv (UTF-8, comma-separated)
Stable URL: https://growthnavigatefunding.net/wp-content/uploads/2026/11/etched-rounds.csv
Columns: id, date, date_precision, status, transaction_type, round, amount_usd_low, amount_usd_high, lead_or_buyer, co_leads, valuation_usd_low, valuation_usd_high, valuation_basis, valuation_to_run_rate_multiple, multiple_bound, multiple_basis, step_up_vs_prior_closed, price_per_share_usd_low, price_per_share_usd_high, shares, source, source_url, other_source_urls, notes, last_updated
Updated: 14 Nov 2026 (IST)

⬇ Download CSV

Methodology & status definitions

How each row is labelled and calculated.

Closed round

A primary round announced by the company or confirmed in the press, bringing new money to the company.

Valuation ÷ run-rate

Post-money valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Where the run-rate is “crossed” or “over” a figure, the multiple is shown as “under X×”. No row qualifies here unless shown, so no multiple is invented.

What is not a separate row

The 2022–23 seed rounds, and any round behind the $5B valuation TechCrunch mentions for Dec 2025 (amount and terms not found in authority sources).

Updates & corrections

This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.

Changelog

14 Nov 2026: Dataset first compiled (AI-50 batch, not yet published).

Etched Funding Rounds & Valuation History (2024–2026)