Etched raises $700M at a $21B valuation led by Jane Street
ThinkingNews Desk · how this was written
AI inference chip startup Etched has secured a $700 million financing round led by its new server-rack customer Jane Street, bringing the company’s valuation to $21 billion. This valuation is roughly double the $10.3 billion level it held after a $300 million raise in July, reflecting rapid growth in just one month.
Written from all 3 reports below, not from any single one.
How it was reported
- TechMeme·AI inference chip startup Etched raised $700M led by its new server rack customer Jane Street at a $21B valuation, up from $10.3B after raising $300M in July (Robbie Whelan/Wall Street Journal)
- TechCrunch·Etched’s valuation doubles to $21B in a month
- The Next Web·Etched raises $700M at a $21B valuation led by Jane Street
Etched secured a $700 million financing round at a $21 billion valuation, led by Jane Street, doubling its July valuation of $10.3 billion. The company shipped its first customer rack to Jane Street and has signed over $1 billion in contracts, with its chips built on TSMC’s N4P process and a design that separates prefill and decode functions for latency-critical inference workloads.
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