Etched raises $300M at a $10.3B Valuation to Scale Production of Frontier Scale Inference Hardware

New Series C funding from Sequoia, a16z, Jane Street, and SK Hynix will help Etched accelerate production and customer deployments SAN JOSE, Calif., July 23, 2026 (GLOBE NEWSWIRE) — Etched, the company building frontier inference clusters, today announced $300M in new financing at a $10.3B valuation less than one month after emerging from stealth. The latest round was led by Sequoia, with participation from a16z, Jane Street, Diffusion, and SK Hynix and represents the highest valuation ever for a Sequoia-led Series C. The company is using this latest round of funding to aggressively scale production and customer deployments. In addition…