AI chip startup building Sohu, an ASIC purpose-built for transformer inference
AI📍 Cupertino, CAFounded 2022
Current Valuation
$1.5B
as of 2026-Q1
UNICORN
IPO Outlookprivate
Is Etched going public?
No. Etched has no imminent IPO plans on record. It is still private.
What is Etched's valuation in 2026?
Etched is valued at $1.5B as of 2026-Q1, set by its Series A ($120M, Jun 2024). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Etched filed an S-1?
No public S-1 is on file for Etched.
Who are Etched's investors?
Etched's investors include Primary Venture Partners, Peter Thiel, Stanley Druckenmiller, GV, Two Sigma Ventures.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Etched is building Sohu, a specialized ASIC designed exclusively for running transformer models. The company claims its single-purpose hardware can run inference an order of magnitude faster and more efficiently than general-purpose GPUs from NVIDIA. Has a manufacturing partnership with TSMC's Emerging Businesses Group.
Company Profile
CEO
Gavin Uberti
Founded
2022
HQ
Cupertino, CA
Employees
~50
Total Raised
$721M
Last Round
Series A — $120M (Jun 2024) · Lead: Primary Venture Partners
IPO Status
no imminent plans
Fundraising Status
Series A · $120M · 2y 2mo ago
no imminent plansTotal raised $721M
Secondary Market
Implied price / share
$93.57
Last round price / share
$15.39
vs last round
+508.0%
Open interest
8
Last round price vs secondary price
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series A
$120M
Jun 2024
Primary Venture Partners
—
Vertical Intelligence — AI / ML
Open models
1
verified organization
Downloads (30d)
0
across all models
Followers
13,307
Attributed to Hugging Face organization "Etched" as of 2026-08-19. Open-weights footprint only — closed-model usage is not publicly measurable. Verify on Hugging Face ↗
Talent Signal
Hiring trend
● First snapshot
trend accrues with monthly sweeps
Open roles
109
via ashby
Product-build share
69%
engineering, research, product, design
Trajectory
steady
heavy product build — 69% of open roles are product-building functions (engineering/research/product) — 35 of 109 open roles are engineering.
Counted from Etched's live job board as of 2026-08-17; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Founders & Key People
Gavin UbertiRobert WachenChris Zhu
Investors
Primary Venture Partners · Peter Thiel · Stanley Druckenmiller · GV · Two Sigma Ventures
Products
Sohu (transformer ASIC)
Competitors
Groq · Cerebras · Tenstorrent · SambaNova
AIHardwareInferenceASIC
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2026-Q1. Refreshed quarterly.