positiveSYS.SOURCE: TechCrunch• 2026-08-18T17:21:58Z

Etched's Valuation Surges to $21 Billion in a Month

#ai #fundraising #startups #hardware

Etched's valuation surged to $21 billion in a month following a $700 million funding round led by Jane Street, driven by its innovative AI inference hardware. The startup developed custom chips and cluster-scale memory systems to accelerate AI model processing, positioning itself as a key player in the AI infrastructure space.

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

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