Etched
PrivateLast Round
Series D
Aug 18, 2026
Est. Valuation
$21B
Total Funding Raised
$1.63B
Momentum
Top 1%
of companies Caplight tracks
Company Overview
Etched is a semiconductor company that designs specialized application-specific integrated circuits (ASICs) optimized for transformer-based artificial intelligence inference.
Sector
AI, Data & Cloud Infrastructure
Verticals
Semiconductors, ML Platforms, Computing Hardware, NLP & Conversational AI
Business Model
B2B
Customer Profile
Hardware Sales, Usage-Based SaaS, Hardware + Subscription
AI Layer
Infrastructure
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Etched Comparables
Compare Etched with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Advanced Micro Devices | 84% | |
| Groq | 84% | |
| Cerebras Systems | 83% |
Etched Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series D | Aug 18, 2026 | ||||
| Series C | Jul 23, 2026 | ||||
| Series B | Jan 13, 2026 | ||||
| Series A | Jun 25, 2024 | ||||
| Seed | Mar 1, 2023 |
Secondary Market Activity
Bids, offers, and trades by month
| Operation | Date | Price | Size | Share Class | Structure |
|---|---|---|---|---|---|
OFFER | |||||
BID | |||||
OFFER | |||||
BID | |||||
BID |
Key People
Founding team and executive leadership
Etched Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Andreessen Horowitz | Series D, Series C |
| Bain Capital Ventures | Series D |
| Neo | Series D |
| Oceans Ventures | Series A |
| Blackstone | Series D, Series C |
| Jane Street | Series B, Series C, Series D |
| Fundomo | Series A |
Market signals
Structured signals derived from secondary market and firmographic data.
- Sep 1, 2026
Grew 31% QoQ, from 416 to 544 employees.
- Aug 21, 2026
Monthly visitors grew 133% MoM, reaching 200.7K.
Recent news
Latest coverage and updates
- receives_financingAug 19, 2026
Etched received financing of $700M in Series D on Aug 18th '26.
- hiresAug 18, 2026
Etched hired Brian Loiler on Jul 1st '24.
- has_valuationAug 18, 2026
Etched had valuation of $21B on Aug 18th '26.
- has_valuationAug 18, 2026
Etched will have valuation of $5B on Dec 1st '26.
- signs_new_clientAug 18, 2026
Etched signed new client Jane Street Group on Aug 18th '26.
Etched Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Request accessAppears On
Curated lists and screens where this company is featured.
Frequently Asked Questions
Common questions about Etched's valuation, stock price, and market status.
Is Etched a public or private company?
Etched is a private company.
What is the current stock price of Etched?
Etched is a private company with no public stock price. No recent secondary market data is available.
How much is Etched worth (valuation)?
Etched's valuation is estimated at $5.0B based on funding round data.
Can I buy Etched stock?
Etched shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.
When was Etched's last funding round?
Etched's most recent funding round was Series B on January 13, 2026.
Who are the main investors in Etched?
Key investors in Etched include Positive Sum, Stripes, Primary Ventures, Primary Venture Partners.
Will Etched IPO soon?
No public IPO plans have been announced for Etched.
How can I track Etched secondary market activity?
Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Etched's secondary market activity and sign up for updates.