Etched Reports $800M Raised and Over $1B in Sales Contracts as Inference ASIC Heads to Production

Etched, a U.S. startup building the transformer-only inference ASIC "Sohu," said on June 30, 2026, that it has raised a cumulative $800 million and holds more than $1 billion in customer sales contracts, as it emerged from stealth. Its first rack-scale product is in customer validation, with initial shipments planned for this summer.