AI Chip Startup Etched Raises $700M at $21B Valuation, Ships First Rack
_sonith · x · 2026-08-19
AI chip startup Etched announced it has raised $700 million at a $21 billion valuation from investors including Jane Street, Kleiner Perkins, Sequoia, A16Z, Peter Thiel, BCV, and Blackstone. Additionally, the company revealed it has shipped its first rack to Jane Street. This milestone comes less than 4 years after the founders were seeking pre-seed funding in October 2022.
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