Overview
Etched designs application-specific integrated circuits built only to run transformer-based AI models, an approach that trades the flexibility of graphics processors for higher efficiency on a single class of workload. CB Insights records it joining the unicorn list on 13 January 2026 and values it at US$21bn, naming Primary Venture Partners and Positive Sum among its investors.[1] It is listed under San Jose, California.[1] Etched is the only chip designer in the top 25; Crunchbase News identified semiconductors as one of the sectors producing new unicorns in 2026.[3] It is one of about 180 companies that CB Insights records as joining the list in 2026, the largest annual intake since 2022.[1]
Appears in
Etched peers and competitors
Companies ranked in the same lists as Etched.
Anthropic
Figure AI
Kalshi- Epic Games
The Boring Company
Mistral AI
OKX- Safe Superintelligence
Crusoe
Fanatics
Canva- Ripple
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