Etched receives funding offers at $40B+ valuation

AI chip startup Etched is reviewing early investment offers that could value the company at over $40 billion, just months after raising $700 million at a $21 billion valuation. The startup aims to compete with Nvidia by building proprietary hardware designed to accelerate AI inference tasks at lower costs and higher speeds.

Investors are eager to back Etched due to its strong customer demand, including $1 billion in secured orders, and its ability to attract former Nvidia engineers. While talks remain early, a new funding round could significantly extend the company's financial runway as it scales production.