Etched’s $10.3 billion valuation is a bet on silicon specialization, not chip performance
Etched’s $10.3 billion valuation, achieved without shipping a single rack of hardware, marks a shift from pricing products to pricing a thesis. On July 23, the San Jose-based startup closed a $300 million Series C led by Sequoia at that figure-a number the company claims is the highest valuation ever for a Sequoia-led Series C.…