Miau Labs / Insight
Nvidia competitor Etched hits $5B valuation, $1B in sales for AI chip
Nvidia AI chip competitor Etched has issued a progress report, revealing that it has already booked $1 billion in contract orders for its product: full systems powered by its chips.
Nvidia AI chip competitor Etched has issued a progress report, revealing that it has already booked $1 billion in contract orders for its product: full systems powered by its chips. Etched's valuation of $5 billion and sales of $1 billion with its AI chip are a sign that the company is making significant strides in the AI market.
Nvidia AI chip competitor Etched has issued a progress report, revealing that it has already booked $1 billion in contract orders for its product: full systems powered by its chips.
- Etched, a startup founded in 2022, has reached a valuation of $5 billion and achieved $1 billion in sales with its AI chip.
- The company has secured $800 million in investments to date, with the most recent tranche being an unannounced $500 million round closed in December.
- Etched has attracted a notable group of investors, including VentureTech Alliance, Jane Street, Hudson River Trading, Two Sigma, and Ribbit Capital, as well as angel investment
Miau Labs takeEtched's valuation of $5 billion and sales of $1 billion with its AI chip are a sign that the company is making significant strides in the AI market.