AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors 

Etched, an AI chip startup founded in 2022, raised $300M in Series C funding at a $10.3B valuation, doubling its value in seven months. The company has developed specialized chips and full systems for AI model inference, supporting various architectures beyond transformers. It has secured $1B in orders and introduced new components to accelerate AI inference phases.