Etched: valuation, funding, and the secondary tape

The short version

Claimed valuation: $10.30B.
Last priced round: $700.00M at $21.00B post-money.
Secondary tape: $278.55 per share.
New-money stake: 3.3%.

instrument	value	as of	source
Claimed valuation	$10.30B		source
Last priced round (filed/seeded)	$700.00M @ $21.00B post		source
Clarity (Hiive) tape	$278.55	2026-10-04	source
Napkin: new-money stake	3.3% ($700.00M of $21.00B)		source

125 Clarity prints since 2026-06-13

Recent milestones

2026-08-26 - Synopsys published a case study describing Etched’s use of Synopsys ZeBu emulation solutions to validate its purpose-built Sohu AI inference
2026-08-26 - Etched’s official website now reports $800 million raised across four previously unannounced financings, a team of more than 400 engineers,
2026-08-18 - The Wall Street Journal reported that Jane Street is leading a new $700 million funding round for Etched, valuing the AI-chip startup at app

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Derived from the SOMEN graph at render time. The arithmetic cannot lobby you.