🛠 **Sequoia Leads Etched's $300M Series C to Build 'The Inference Machine'**

• Sequoia is leading a **$300M** Series C in Etched at a **$10B** pre-money valuation, joined by Jane Street, a16z, Diffusion, and SK Hynix.
• Etched claims the first full-reticle chip tape-out at TSMC by a post-ChatGPT-era hardware startup, and stood up its first inference cluster in roughly 40 days.
• _Thesis: inference — not training — becomes the largest market in the world as AI powers everyday digital interactions._

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