COMPANY PROFILE

Etched

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Designing specialized chips for language model inference

San Jose, United StatesFounded 2022Semiconductors

Valuation $10–50B Last recorded · 2026

Revenue $100–500M Latest reported FY

Headcount 100–500 Current team size

Total funding $500M–1B Disclosed equity funding

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About Etched

Etched is a company that has developed an AI model called Oasis, which is designed to generate open-world games. This model allows for the creation of interactive and explorable game environments, distinguishing it from other AI video models that typically generate non-interactive video from text prompts.

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Oasis is positioned as the first playable AI model of its kind, with the ability to generate entire game worlds. The company's focus is on providing tools for the gaming industry, enabling developers to create dynamic and expansive game experiences. The business model likely involves licensing this technology to game development studios or offering it as a platform for creating new games.

Source: Dealroom company data

At a glance

Status: Operational
Founded: 2022
Headquarters: San Jose, United States
Employees: 493
Open positions: None listed
Dealroom signal: 94.2/100
Sector: Semiconductors, Core AI, Verified Unicorns and $1B Exits, Generative AI, Semiconductor Designers and Manufacturers, Chips and Processors, AI Chips and Processors, genAI Computing Layer, AI Computing Infrastructure, NIF defense security and resilience
Technology: Artificial Intelligence, Hardware, Deep Tech
Business model: Manufacturing
Client focus: b2b
Links: Website LinkedIn

Research & analysis

From the Dealroom knowledge graph

News Etched hits $21B valuation with $700M Series D led by Jane Street Aug 18, 2026

News Etched hits $10.3B valuation in $300M raise, doubling in seven months Jul 23, 2026

News Etched exits stealth with $800M and $1B in chip contracts Jun 30, 2026

Market map Orbital Compute Jun 11, 2026

Market map Generative AI startups

Market map World models, physical AI, robotics general intelligence

Latest news

Press, funding announcements and product moves mentioning Etched.

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Funding history

5 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES C	Jul 2026	$300M	$10B	Andreessen Horowitz · Peter Thiel · Amjad Masad · Diffusion Capital Partners	↗
LATE VC	Jan 2026	$500M	$5B	Positive Sum · Peter Thiel · Ribbit Capital · Stripes	↗

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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth
2026
2025		—

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Growth signals

Etched website traffic

Latest recorded traffic for Etched is 200K monthly website visits, up 308.2% over the last three months. Etched's team grew 79.9% over the past year.

Latest monthly visits200K 3-month web change+308.2% 1-year team growth+79.9%

Monthly website visitsMay 2023–Jul 2026

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