AI Chip Startup Etched Raises $120 Million to Expand Supply
- Company makes specialized chip for generative AI models
- Etched partners with TSMC to manufacture the startup’s product
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AI chip startup Etched raised $120 million to expand manufacturing of its specialized chip that it boasts will rival Nvidia Corp.’s products.
The round was led by Primary Venture Partners and Positive Sum Ventures, with participation from prominent angel investors, including Peter Thiel, Github Chief Executive Officer Thomas Dohmke and Balaji Srinivasan, former chief technology officer at Coinbase Inc., the company said Tuesday.