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Etched.ai Raises $5.36M Seed Led by Primary Venture Partners

Unique Research · Company / financing · June 29, 2023

On June 5, 2023, California chip startup Etched.ai raised a $5.36M seed led by Primary Venture Partners, with MAX Ventures and former eBay CEO Devin Wenig participating — valuation ~$34M. Use of funds: LLM AI accelerator silicon, RTL front-end, and scaling the founding team.

Founded by Harvard dropouts Gavin Uberti (CEO; math olympiad / AI compile) and Chris Zhu (CTO; math/AI HW). Chief Architect Mark Ross (ex-Cypress Semiconductor CTO). Mission: super-intelligence hardware — chips purpose-built for language-model inference.

Design thesis: single chip type for LLMs only (simpler SW stack); keep what matters, drop cache/high-precision paths LLMs don’t need; mature specialized R&D; cost-effective. Context: as Transformers scale, dedicated accelerators rise (DC DLRM ASICs; edge CNNs; Meta’s own DLRM inference chip).

Inspiration: Uberti’s Arm Cortex-M4/M7 work — missing 8-bit MAC SIMD made ops slow; bitcoin mining ASICs as proof specialized silicon can win. On over-specialization risk: GPT-2 vs Llama differ mainly in size and activation for inference purposes.

Product code-name Sohu — large-memory chip; claimed 140× tokens/$ vs NVIDIA H100 PCIe on GPT-3-class workloads. Team hiring; Series A and Sohu launch targeted early 2024.

0 CN images. Author Jiacheng · Review Ski.

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Editorial English edition by Unique Research, published on UniqueCapital on June 29, 2023. This translation is based on an earlier Chinese article; the Chinese source is credited separately and is not treated as a line-by-line mirror.

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