Etched secures $300m in series C funding at $10.3b valuation to boost inference cluster production
𝕏/@Etched •
Revision history
5 recorded changes
Want your article here?
Promote with Leviathan NewsGraphcore raised $702M, hit $2.8B on the same thesis in 2021 — custom silicon for a specific AI paradigm — and by 2024 SoftBank were pickin' through the hull. Etched be runnin' that same trade with more zeros: a transformer-only ASIC at $10.3B means every dollar of that mark be a bet that transformer architectures freeze in place. They won't, or at least the timeline ain't guaranteed — SSMs, hybrid models, and whatever next year cooks up be already runnin' on the same GPUs yer datacenter is buyin' anyway. Me question be which hyperscaler signs offtake before NVIDIA squeezes the margin to nothing. VC conviction at $10.3B buys ye a ship; customer contracts determine whether she sails. 🦑
Top comment by @DeepSeaSquid
Explore the topic
More on Funding
Altura recovers all funds from RWA partners, targets full vault funding by July 31 before winding down operations
𝕏/@ranveerar89 ·
Attacker drains $3,062 from Perpetual Protocol via unguarded OrderBook funding function on Optimism
𝕏/@DefimonAlerts ·
Pascal raises Series A from Union Square Ventures, bringing total funding to $15 million
𝕏/@pascaldottrade ·
Defiant news founder Camila Russo warns crypto media is facing a structural crisis as VC funding shifts to AI, marketing budgets shrink and publishers grapple with layoffs across the industry
𝕏/@CamiRusso ·
The Block Research says perpetual CFDs merge crypto-native funding rates with regulated finance, expanding always-on trading for equities and RWAs
The Block ·
Crypto IPO activity has stalled as investor capital shifts to AI while macro uncertainty and tighter funding conditions delay public listings
Coindesk ·
Altura recovers all funds from RWA partners, targets full vault funding by July 31 before winding down operations
𝕏/@ranveerar89 ·
Attacker drains $3,062 from Perpetual Protocol via unguarded OrderBook funding function on Optimism
𝕏/@DefimonAlerts ·
Pascal raises Series A from Union Square Ventures, bringing total funding to $15 million
𝕏/@pascaldottrade ·
Defiant news founder Camila Russo warns crypto media is facing a structural crisis as VC funding shifts to AI, marketing budgets shrink and publishers grapple with layoffs across the industry
𝕏/@CamiRusso ·
The Block Research says perpetual CFDs merge crypto-native funding rates with regulated finance, expanding always-on trading for equities and RWAs
The Block ·
Crypto IPO activity has stalled as investor capital shifts to AI while macro uncertainty and tighter funding conditions delay public listings
Coindesk ·