Etched

Primary led Etched’s seed round in March 2023. In June 2024, Etched announced a $120 million Series A co-led by Primary and Positive Sum.⁠[1][2]

The website lists Gavin Uberti as co-founder and CEO, Robert Wachen as co-founder and president, Chris Zhu as co-founder and Mark Ross as CTO. The company is headquartered in San Jose, California.⁠[3]

Etched announced delivery of its first rack to Jane Street and a $700 million financing at a $21 billion valuation, led by Jane Street with participants including Kleiner Perkins, Sequoia CapitalSequoia CapitalSequoia Capital is a venture capital firm founded by Don Valentine in 1972, investing from the seed stage through the growth stage. Its historical investments include Apple, Cisco, Google, YouTube, Airbnb, and Stripe; in 2021 it introduced the Sequoia Capital Fund structure, which can continue to hold public securities, and in 2023 its regional businesses became independent brands and partnerships.Open the full entry and Andreessen HorowitzAndreessen HorowitzAndreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz. It invests from the seed stage through the growth stage and provides operational support to its portfolio companies.Open the full entry. The financing supports production expansion.⁠[4]

Its website describes Low Voltage Inference and Cluster Scale Memory, focusing on compute efficiency and coordinated HBM, SRAM and interconnect design. Stated throughput, latency and power improvements are company-described objectives and test results.⁠[3]

Davidovs Venture CollectiveDavidovs Venture CollectiveDavidovs Venture Collective (DVC) is a venture capital firm founded in 2021 by Nick Davidov and Marina Davidova, focused on early-stage AI companies, repeat founders and an active investor community.Open the full entry’s public profile identifies Etched as a portfolio company.⁠[5]

Etched’s official website. Official website: https://www.etched.com/ (opens in a new window).⁠[3]