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What will be Etched's valuation in the next funding round by the end of 2024?
5
Resolution / Starting Odds
Below $200M • 33%
$200M to $400M • 33%
Above $400M • 33%
Official announcements from Etched or financial news outlets
Story
Etched Raises $120M to Develop Sohu, a Transformer-Specific AI Chip
Jun 25, 2024, 12:41 PM
AI chip startup Etched has raised $120 million in a Series A funding round to develop its specialized chip, Sohu. This funding brings Etched's total funding to $125.36 million. The Sohu chip is designed exclusively for transformer AI models and boasts significant performance advantages, including the ability to process 500,000 tokens per second and replace 160 Nvidia H100 GPUs with a single 8xSohu server. The chip promises 20x faster AI at 1/20th the cost. Etched's backers include notable investors such as Peter Thiel, Balaji, and the CEO of GitHub. The company has also partnered with TSMC for manufacturing.
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