Etched raises $120M in a challenge to Nvidia in AI with transformer chips
Jun 25, 2024•about 1 year ago
Amount Raised
$120 Million
Round Type
seed
CupertinoMachine LearningArtificial IntelligenceInvestors
Charlie CheeveJawed KarimImmad AkhundMike NovogratzBryan JohnsonThomas DohmkeJason WarnerKevin HartzKyle VogtAmjad MasadBalaji SrinivasanDavid SiegelStanley DruckenmillerPeter ThielSkybox Data Centers (Strategic)Two Sigma (Strategic)EarthshotLightscapeFontinalisFundomoHummingbirdPositive Sum VenturesPrimary Venture Partners
Description
Etched has raised $120 million to challenge Nvidia in designing AI chips with its new chip dubbed Sohu, aiming to create the world’s most powerful servers for transformer inference.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech