Etched Stock

www.etched.comTechnology Hardware / Computing hardwareFounded: 2022Funding to Date: $109.7MM

Etched.ai is a technology company specializing in the development of Application-Specific Integrated Circuits (ASICs), aiming for high-performance computing applications. The company has a mission of creating custom hardware solutions designed to optimize efficiency and performance for specific tasks. The company’s flagship product, Sohu, aims to be one of the world's first transformer ASICs designed to accelerate machine learning and artificial intelligence workloads. Etched.ai was founded by Chris Zhu, Gavin Uberti, and Robert Wachen in 2022 and is headquartered in San Francisco, CA.

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Private Market Pricing DetailsValuation & Financings

Etched Stock Price

Forge Price 1
Price not yet available
Last Closed Trade 2
Close Date
xx/xx/xx
Last Closed Trade Price
$xx.xx
Last Funding Round (LFR)
Date
xx/xx/xx
Price per Share
$xx.xx

Etched Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
06/25/2024 Series A0-3 $784,954 $xx.xx $332.53MM Primary Venture Partners, Positive Sum Ventures, Peter Thiel, Thomas Dohmke, Charlie Cheever, Hummingbird Ventures, Fundomo, Fontinalis Partners, Earthshot Ventures, Lightscape Partners, Two Sigma Ventures, Oceans Ventures, Skybox Datacenters, Stanley Druckenmiller, David Siegel, Balaji Srinivasan, Amjad Masad, Kyle Vogt, Kevin Hartz, Jason Warner, Bryan Johnson, Mike Novogratz, Immad Akhund, Jawed Karim
Price per Share
$xx.xx
Shares Outstanding
60,357
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Primary Venture Partners, Positive Sum Ventures, Peter Thiel, Thomas Dohmke, Charlie Cheever, Hummingbird Ventures, Fundomo, Fontinalis Partners, Earthshot Ventures, Lightscape Partners, Two Sigma Ventures, Oceans Ventures, Skybox Datacenters, Stanley Druckenmiller, David Siegel, Balaji Srinivasan, Amjad Masad, Kyle Vogt, Kevin Hartz, Jason Warner, Bryan Johnson, Mike Novogratz, Immad Akhund, Jawed Karim
06/25/2024 Series A0 $103.5MM $xx.xx $332.53MM Primary Venture Partners, Positive Sum Ventures, Peter Thiel, Thomas Dohmke, Charlie Cheever, Hummingbird Ventures, Fundomo, Fontinalis Partners, Earthshot Ventures, Lightscape Partners, Two Sigma Ventures, Oceans Ventures, Skybox Datacenters, Stanley Druckenmiller, David Siegel, Balaji Srinivasan, Amjad Masad, Kyle Vogt, Kevin Hartz, Jason Warner, Bryan Johnson, Mike Novogratz, Immad Akhund, Jawed Karim
Price per Share
$xx.xx
Shares Outstanding
6,366,649
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Primary Venture Partners, Positive Sum Ventures, Peter Thiel, Thomas Dohmke, Charlie Cheever, Hummingbird Ventures, Fundomo, Fontinalis Partners, Earthshot Ventures, Lightscape Partners, Two Sigma Ventures, Oceans Ventures, Skybox Datacenters, Stanley Druckenmiller, David Siegel, Balaji Srinivasan, Amjad Masad, Kyle Vogt, Kevin Hartz, Jason Warner, Bryan Johnson, Mike Novogratz, Immad Akhund, Jawed Karim
05/16/2023 Series A0-2 $1.41MM $xx.xx $31.2MM Primary Venture Partners, Michael Kohen, Devin Wenig
Price per Share
$xx.xx
Shares Outstanding
580,431
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Primary Venture Partners, Michael Kohen, Devin Wenig
05/16/2023 Series A0-1 $4.01MM $xx.xx $31.2MM Primary Venture Partners, Michael Kohen, Devin Wenig
Price per Share
$xx.xx
Shares Outstanding
2,244,988
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Primary Venture Partners, Michael Kohen, Devin Wenig

Etched investors also invested in these private companies

Immad Akhund
Skybox Datacenters
Lightscape Partners
Michael Kohen
Positive Sum
Primary Venture Partners
Fundomo
Charlie Cheever
Jawed Karim
Hummingbird Ventures
Thomas Dohmke
Oceans Ventures
Balaji Srinivasan
Hummingbird Capital Partners
Jason Warner
Az-Vc
Kevin Hartz
Devin Wenig
Stanley Druckenmiller
Mike Novogratz
Kyle Vogt
Bryan Johnson
Red Dog Capital
David Siegel

Leadership & Board

Leadership

Gavin Uberti
Co-Founder & Chief Executive Officer
Robert Wachen
Co-Founder & Chief Operating Officer
Christopher Zhu
Co-Founder & Director of Compilers
Mark Ross
Chief Technology Officer
Saptadeep Pal
Chief Architect
Ajat Hukkoo
Vice President of Hardware Engineering

Etched stock FAQs

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Can you buy Etched stock?

As Etched is not publicly traded, purchasing its stock is not available to everyone. To buy the stock of a private companies like Etched, you must be an accredited investor. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to buy private market stock. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.
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How to buy Etched stock?

To invest in a private company like Etched through Forge, you must first qualify as an accredited investor. (Learn more about the accreditation process.)

  1. Create a free account to access Forge’s marketplace.
  2. Express your interest in specific investments. Within Forge Markets, you will find detailed pricing and financing information for thousands of private companies.
  3. Throughout this process, a dedicated Forge Private Market Specialist will be available to address any questions you may have and to guide you seamlessly through each step of the transaction.
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Can you sell Etched stock?

Yes, you may sell the Etched stock you currently own. Forge can help you facilitate the sale of your stock in a manner that aligns with your needs and the company’s interests. If you are looking for liquidity, register with us today to begin the process. A dedicated Forge Private Market Specialist will be available to address any questions you may have along the way.
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How to sell Etched stock?

If you hold private company shares of Etched – whether as an employee or an early investor – Forge can help you sell them.

  1. Create a free Forge account, this will give you access to Forge’s marketplace and to one of our experienced Private Market Specialist to answer any questions you might have.
  2. Indicate your interest to sell your Etched on our platform.
  3. Work with your dedicated Private Market Specialist who’ll help guide you through every step of the transaction.
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Is Etched a public company?

No, Etched is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.
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What is Etched’s stock price?

Etched is a privately held company and therefore does not have a public stock price. However, you may access Etched private market stock price with Forge Data.
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What is Etched’s stock ticker symbol?

Etched does not have an official ticker symbol because this company is not currently publicly traded.
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Can institutional investors buy and sell private market stocks?

Yes. As one of the largest trading platform for the private market, Forge helps institutional investors seek liquidity as they buy and sell private stock for their portfolios or their clients. Our private market specialists have decades of experience working with institutional firms. Learn more or register today to get started.

Etched’s news and media highlights

A 2-year-old startup founded by Harvard dropouts has just raised $120 million in venture funding to try and build a competitive chip and take on Nvidia in artificial intelligence. Headquartered in Cupertino, California — home to Apple — Etched is developing a chip called Sohu, which the company says will be used to train and deploy AI models using “transformers,” the core architecture underpinning advancements like OpenAI’s ChatGPT.
Artificial intelligence chip startup Etched.ai Inc. said today it’s looking to rival Nvidia Corp. and become a market leader in dedicated AI chips, after closing on a hefty $120 million early-stage round of funding. The two-year old startup was founded by a couple of Harvard university dropouts, who believe they have just what it takes to challenge Nvidia – a specialized chip that’s designed to power AI models known as “transformers,” which sit at the heart of OpenAI’s ChatGPT and other chatbots.
Etched’s chip, called Sohu, is an ASIC (application-specific integrated circuit) — a chip tailored for a particular application — made for running transformers. Manufactured using TSMC’s 4nm process, Sohu can deliver dramatically better inferencing performance than GPUs and other general-purpose AI chips while drawing less energy, claims Uberti.
Artificial-intelligence startup Etched said on Tuesday it has raised $120 million in a series-A funding round that the company plans to use to further develop its specialized chip. The San Francisco-based company aims to make a specialized processor tuned to run a specific kind of AI model that is widely used by OpenAI’s ChatGPT and Google Gemini.
Updated on: Nov 17, 2024

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