Etched Raises 700M and Doubles its Valuation to 21B in One Month - The Startup Ecosystem
Article excerpt
Etched has just closed a 700 million dollar round that brings its valuation to 21 billion dollars, doubling it in just one month. For any founder building infrastructure or applications on AI, this move marks a turning point: institutional investors are betting big on alternatives to the NVIDIA ecosystem, and the race to optimize inference cost is accelerating. The round was led by Jane Street, the quantitative trading firm that recently installed its first server rack with Etched hardware after a period of internal validation. According to the company, Jane Street was impressed with the early results and now operates its own cluster in its data centers for demanding workloads. The investor consortium includes key names from the ecosystem: Kleiner Perkins, Sequoia Capital, Andreessen Horowitz, Blackstone, Peter Thiel, Tiger Global, Bain Capital Ventures, Neo, Stripes, Primary, Positive Sum, Diffusion, and Argo. This diversity of institutional capital confirms that the bet on alternative semiconductor architectures is no longer experimental - it is portfolio strategy. 🤖 AI is not just for reading about it In the community we apply it: automation, AI agents, and real tools for entrepreneurship, not just for informing yourself. The valuation timeline is dizzying: Additionally, Etched revealed 800 million dollars obtained through four previous unannounced rounds, backed by...
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With a team of over 400 engineers recruited from companies like NVIDIA and Google, Etched is also scaling physically: it opened a new factory in Taiwan and an 80,000 square foot prototyping center near its headquarters in San Jose.
