Etched Secures $700M at $21B Valuation and Ships First AI Inference Rack to Jane Street
Summary
AI chip startup Etched secures $700M at a $21B valuation and ships its first inference rack to Jane Street, backed by Sequoia Capital, Andreessen Horowitz, and Blackstone, as it scales toward Gigawatt-level infrastructure to bring frontier AI models to the masses.
Key Points
- Etched ships its first rack to Jane Street, marking a major milestone in its mission to run the world's inference at scale.
- A $700M funding round at a $21B valuation is secured, led by Jane Street alongside major investors including Sequoia Capital, Andreessen Horowitz, and Blackstone.
- With less than 1% of the world having access to frontier AI models, Etched is scaling to Gigawatt-level infrastructure and actively hiring to meet global inference demand.