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AI chip startup Etched raises $700M at $21B valuation, led by Jane Street

#etched#ai-chips#funding#jane-street

Etched, an AI inference chip startup founded by Harvard dropouts, raised $700 million at a $21 billion valuation, up from $10.3 billion after a $300 million round in July. The round was led by Jane Street, which installed Etched's first shipped AI cluster system and became its first customer.

Coverage timeline

  1. 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)

    Robbie Whelan / Wall Street Journal : 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 — Etched, founded by Harvard dropouts, has its own in-office data center and has signed quant-trading firm Jane Street as its first customer.

  2. TechCrunch AIJulie Bort
    Etched’s valuation doubles to $21B in a month

    Jane Street has installed Etched's first shipped AI cluster system, and was so impressed, it led another massive round, the startup says.