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.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
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06/25/2024 | Series A0-3 | $784,954.86 | $xx.xx | $332.53MM | Amjad Masad, Balaji Srinivasan, Bryan Johnson, Charlie Cheever, David Siegel, Earthshot Ventures, Fontinalis Partners, Fundomo, Hummingbird Ventures, Immad Akhund, Jason Warner, Jawed Karim, Kevin Hartz, Kyle Vogt, Lightscape Partners, Mike Novogratz, Oceans Ventures, Peter Thiel, Positive Sum, Primary Venture Partners, Skybox Datacenters, Stanley Druckenmiller, Thomas Dohmke, Two Sigma Ventures | |
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
--
Key Investors
Amjad Masad, Balaji Srinivasan, Bryan Johnson, Charlie Cheever, David Siegel, Earthshot Ventures, Fontinalis Partners, Fundomo, Hummingbird Ventures, Immad Akhund, Jason Warner, Jawed Karim, Kevin Hartz, Kyle Vogt, Lightscape Partners, Mike Novogratz, Oceans Ventures, Peter Thiel, Positive Sum, Primary Venture Partners, Skybox Datacenters, Stanley Druckenmiller, Thomas Dohmke, Two Sigma Ventures
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06/25/2024 | Series A0 | $103.5MM | $xx.xx | $332.53MM | Amjad Masad, Balaji Srinivasan, Bryan Johnson, Charlie Cheever, David Siegel, Earthshot Ventures, Fontinalis Partners, Fundomo, Hummingbird Ventures, Immad Akhund, Jason Warner, Jawed Karim, Kevin Hartz, Kyle Vogt, Lightscape Partners, Mike Novogratz, Oceans Ventures, Peter Thiel, Positive Sum, Primary Venture Partners, Skybox Datacenters, Stanley Druckenmiller, Thomas Dohmke, Two Sigma Ventures | |
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
--
Key Investors
Amjad Masad, Balaji Srinivasan, Bryan Johnson, Charlie Cheever, David Siegel, Earthshot Ventures, Fontinalis Partners, Fundomo, Hummingbird Ventures, Immad Akhund, Jason Warner, Jawed Karim, Kevin Hartz, Kyle Vogt, Lightscape Partners, Mike Novogratz, Oceans Ventures, Peter Thiel, Positive Sum, Primary Venture Partners, Skybox Datacenters, Stanley Druckenmiller, Thomas Dohmke, Two Sigma Ventures
|
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05/16/2023 | Series A0-1 | $4.01MM | $xx.xx | $31.2MM | Devin Wenig, Michael Kohen, Primary Venture Partners | |
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
--
Key Investors
Devin Wenig, Michael Kohen, Primary Venture Partners
|
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05/16/2023 | Series A0-2 | $1.41MM | $xx.xx | $31.2MM | Devin Wenig, Michael Kohen, Primary Venture Partners | |
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
--
Key Investors
Devin Wenig, Michael Kohen, Primary Venture Partners
|