According to ChainCatcher, AI chip startup Etched raised $700 million in a funding round led by Jane Street, valuing the company at $21 billion. Etched has signed Jane Street as its first customer and has begun shipping chips.
Etched Raises $700M in Funding, Valuation Reaches $21B
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Summary
Etched secured $700 million in project funding, reaching a $21 billion valuation. Jane Street led the round and became the startup’s first customer. Etched has begun shipping its AI chips. The funding comes amid growing interest in crypto news and specialized hardware. Jane Street’s involvement underscores the increasing convergence of crypto and AI infrastructure.
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