Etched Raises $120M in Funding to Expand AI Chip Development

Significant Funding Secured: Etched, based in Cupertino, CA, raised $120 million in a funding round led by Primary Venture Partners and Positive Sum Ventures.
Innovative AI Chip: The company is known for its transformer-specialized AI chip, Sohu, which supports transformer inference for models from major AI companies.
Expansion Plans: The funds will be used to expand operations and further develop their AI chip technology.

Technological Advancement: The funding will accelerate the development of Sohu, enhancing its capabilities and potentially setting new standards in AI chip performance.
Market Positioning: Etched’s ability to serve over 500,000 Llama 70B tokens per second positions it as a formidable player in the AI hardware market.
Industry Support: The participation of prominent investors and angels like Peter Thiel and Amjad Masad underscores strong industry confidence in Etched’s potential.
Operational Growth: The expansion of operations will likely lead to increased production capacity and broader market reach, solidifying Etched’s presence in the AI chip industry.

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