๐ Sequoia Leads Etched's $300M Series C to Build 'The Inference Machine'
โข Sequoia is leading a $300M Series C in Etched at a $10B pre-money valuation, joined by Jane Street, a16z, Diffusion, and SK Hynix.
โข 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.
โข Thesis: inference โ not training โ becomes the largest market in the world as AI powers everyday digital interactions.
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