AI chip startup Etched raises $300 million at $10.3 billion valuation

Sequoia-backed Etched said on Thursday it raised $300 million in a Series C funding round that valued the AI chip company at $10.3 billion.

Etched is among a ‌growing number ⁠of ⁠startups seeking to challenge Nvidia’s dominance ​in AI chips by developing hardware for inference, ​the process of running artificial intelligence models.

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