Etched Raises $300M for a Chip That Only Runs Transformers
1Key Takeaways
- Originally published on AI Tech Connect .
- What you need to know The round closed on 23 July 2026.
- $300 million Series C at a $10.3 billion valuation, led by Sequoia Capital, with a16z, Jane Street and SK Hynix participating.
- Reporting described it as Sequoia's highest-valued Series C.
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3Why it matters
Coding AI shifts how fast software ships and how much human review each change needs. DEV — ML reports that originally published on AI Tech Connect .
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