kapynInfrastructure

AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors

Etched is a well-funded hardware startup building custom ASICs designed specifically to accelerate AI inference without GPUs. The company just secured a massive $10.3 billion valuation from prominent investors, highlighting surging market demand for alternative accelerator hardware. This development signals growing enterprise interest in specialized silicon that can bypass traditional GPU bottlenecks for production workloads.

TechCrunch AI·Jul 23, 2026

Opening Kapyn…