# Etched funding: rounds and investors

> Etched has raised $1.0B across 2 rounds since 2026. Investors include Sequoia Capital, Stripes and Jane Street. Every round with its source.

Source: https://millionrounds.com/company/etched (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Etched*

2 rounds we have observed, with the 26 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI Hardware & Electronics Semiconductors

Raised 3 months ago Valuation: $5.0B, Mar 2026

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Funding summary Updated 5 Nov 2026

**$1.0B** raised across 2 rounds since 2026, from 7 sources

**$300M** Series C **$700M** Round

- **Latest round:** Round, $700M Aug 2026
- **Led by:** Jane Street
- **Step-up i:** 2.3×
- **Investors:** 26 (3 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2027

**$300M** Series C

**$700M** Round

- **First round:** Series C, $300M
- **Biggest round:** $700M
- **Between rounds:** 2 months

## The rounds

- **Aug 2026** Round **$700M** *7 new* *7 returning* [Jane Street](https://millionrounds.com/fund/jane-street) Lead [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) [Neo](https://millionrounds.com/fund/neo) [Primary Venture Partners](https://millionrounds.com/fund/primary-venture-partners) [Blackstone Group](https://millionrounds.com/fund/blackstone-group) [Peter Thiel](https://millionrounds.com/fund/peter-thiel) [Stripes](https://millionrounds.com/fund/stripes) [Positive Sum](https://millionrounds.com/fund/positive-sum) [Diffusion](https://millionrounds.com/fund/diffusion) [Argo](https://millionrounds.com/fund/argo) Reported by TechCrunch and 2 others
- **Jun 2026** Series C **$300M** *19 new* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) Lead [Stripes](https://millionrounds.com/fund/stripes) Lead [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) [Peter Thiel](https://millionrounds.com/fund/peter-thiel) [Hummingbird Ventures](https://millionrounds.com/fund/hummingbird-ventures) [VentureTech Alliance](https://millionrounds.com/fund/venturetech-alliance) [Two Sigma](https://millionrounds.com/fund/two-sigma) [Jane Street](https://millionrounds.com/fund/jane-street) [Andrej Karpathy](https://millionrounds.com/fund/andrej-karpathy) [Fei-Fei Li](https://millionrounds.com/fund/fei-fei-li) [SK Hynix](https://millionrounds.com/fund/sk-hynix) [Hudson River Trading](https://millionrounds.com/fund/hudson-river-trading) [Stanley Druckenmiller](https://millionrounds.com/fund/stanley-druckenmiller) [Diffusion](https://millionrounds.com/fund/diffusion) [Argo](https://millionrounds.com/fund/argo) [Arthur Mensch](https://millionrounds.com/fund/arthur-mensch) [Scott Wu](https://millionrounds.com/fund/scott-wu) [Geoffrey Hinton](https://millionrounds.com/fund/geoffrey-hinton) Reported by TechCrunch and 3 others

## Founders and team

From Etched's own website: 3 founders, 6 on the team.

**Gavin Uberti** Co-Founder & CEO

**Robert Wachen** Co-Founder & President

**Chris Zhu** Co-Founder

- **Mark Ross** CTO
- **Brian Loiler** VP of Platform
- **David Munday** VP of Software
- **Saptadeep Pal** VP of ASIC & Architecture
- **Tim Perevozchikov** VP of Finance
- **Wayne Cao** VP of Production

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series C** 2026 **Round** 2026 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) L [Stripes](https://millionrounds.com/fund/stripes) L [Jane Street](https://millionrounds.com/fund/jane-street) L [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Peter Thiel](https://millionrounds.com/fund/peter-thiel) [Diffusion](https://millionrounds.com/fund/diffusion) [Argo](https://millionrounds.com/fund/argo) [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins)

## Everyone who backed them

[Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) VC firm **2** rounds, led 1

[Stripes](https://millionrounds.com/fund/stripes) Private equity **2** rounds, led 1

[Jane Street](https://millionrounds.com/fund/jane-street) Growth equity **2** rounds, led 1

[Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **2** rounds

[Peter Thiel](https://millionrounds.com/fund/peter-thiel) Angel **2** rounds

[Diffusion](https://millionrounds.com/fund/diffusion) VC firm **2** rounds

[Argo](https://millionrounds.com/fund/argo) Investment firm **2** rounds

[Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) VC firm **1** round

[Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) VC firm **1** round

[Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) VC firm **1** round

[Neo](https://millionrounds.com/fund/neo) Accelerator **1** round

[Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) VC firm **1** round

[Primary Venture Partners](https://millionrounds.com/fund/primary-venture-partners) VC firm **1** round

[Blackstone Group](https://millionrounds.com/fund/blackstone-group) Private equity **1** round

[Hummingbird Ventures](https://millionrounds.com/fund/hummingbird-ventures) VC firm **1** round

[VentureTech Alliance](https://millionrounds.com/fund/venturetech-alliance) Growth equity **1** round

[Two Sigma](https://millionrounds.com/fund/two-sigma) VC firm **1** round

[Andrej Karpathy](https://millionrounds.com/fund/andrej-karpathy) VC firm **1** round

[Fei-Fei Li](https://millionrounds.com/fund/fei-fei-li) VC firm **1** round

[Positive Sum](https://millionrounds.com/fund/positive-sum) Private equity **1** round

[SK Hynix](https://millionrounds.com/fund/sk-hynix) Corporate VC **1** round

[Hudson River Trading](https://millionrounds.com/fund/hudson-river-trading) Growth equity **1** round

[Stanley Druckenmiller](https://millionrounds.com/fund/stanley-druckenmiller) Growth equity **1** round

[Arthur Mensch](https://millionrounds.com/fund/arthur-mensch) VC firm **1** round

[Scott Wu](https://millionrounds.com/fund/scott-wu) Angel **1** round

[Geoffrey Hinton](https://millionrounds.com/fund/geoffrey-hinton) Angel **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=etched).

## Also claim to have backed them

These 18 firms list Etched as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Village Global](https://millionrounds.com/fund/village-global-2) VC firm Per its own site

[Oceans](https://millionrounds.com/fund/oceans) VC firm Per its own site

[DVC](https://millionrounds.com/fund/dvc-2) VC firm Per its own site

[Big Bang Ventures](https://millionrounds.com/fund/big-bang-ventures) VC firm Per its own site

[Boston Capital Ventures](https://millionrounds.com/fund/boston-capital-ventures) VC firm Per its own site

[ANTI FUND](https://millionrounds.com/fund/anti-fund) VC firm Per its own site

[Fundomo](https://millionrounds.com/fund/fundomo) VC firm Per its own site

[Humba Ventures](https://millionrounds.com/fund/humba-ventures) VC firm Per its own site

[Earthshot Ventures](https://millionrounds.com/fund/earthshot-ventures) VC firm Per its own site

[Azuro Capital](https://millionrounds.com/fund/azuro-capital) Family office Per its own site

[Firestreak Ventures](https://millionrounds.com/fund/firestreak-ventures) VC firm Per its own site

[Upstage Ventures](https://millionrounds.com/fund/upstage-ventures) VC firm Per its own site

[AAL VC](https://millionrounds.com/fund/aal-vc) VC firm Per its own site

[Beyond Capital](https://millionrounds.com/fund/beyond-capital-5) VC firm Per its own site

[Paramita Ventures](https://millionrounds.com/fund/paramita-ventures) VC firm Per its own site

[Red Dog Capital](https://millionrounds.com/fund/red-dog-capital) VC firm Per its own site

[Velvet Sea Ventures](https://millionrounds.com/fund/velvet-sea-ventures) VC firm Per its own site

[Y Ventures](https://millionrounds.com/fund/y-ventures-4) VC firm Per its own site

## Quick answers about Etched

### Who invested in Etched?

Etched's investors include Sequoia Capital, Stripes, Jane Street, Andreessen Horowitz and Peter Thiel, and 21 more on record. Jane Street led its latest round.

### How much has Etched raised?

Etched has raised $1.0B across 2 rounds since 2026.

### When did Etched last raise?

Etched's most recent round was an Undisclosed round of $700M in Aug 2026, led by Jane Street.

### What was Etched's biggest round?

Its most recent round, $700M in Aug 2026, is also its largest on record.

### Who backed Etched first?

Etched's first round on record, in Jun 2026, was backed by Sequoia Capital, Stripes and Andreessen Horowitz and 16 others.

### What stage is Etched at?

Etched's latest named round is an Undisclosed round, in Aug 2026.

### Where is Etched based?

Etched is based in the United States.

### Who led Etched's rounds?

Sequoia Capital led the Series C in 2026; Jane Street led the Undisclosed round in 2026.

## Companies like Etched

In the same sector, and raised in the last eighteen months.

[**Journify** $12M · Nov 2026](https://millionrounds.com/company/journify)[**Nooks** $543M · Nov 2026](https://millionrounds.com/company/nooks)[**Laza Medical** $160M · Nov 2026](https://millionrounds.com/company/laza-medical)[**e2e** $8.0M · Nov 2026](https://millionrounds.com/company/e2e)[**Agrani Labs** $123M · Nov 2026](https://millionrounds.com/company/agrani-labs)[**Applied Compute** $580M · Nov 2026](https://millionrounds.com/company/applied-compute)

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