Wall St Engine(@wallstengine):Etched has raised $700M at a $21B valuation, more than doubling its $10.3B valuation from just a few weeks ago. Etched is an AI chip startup building specialized hardware for inference, essentially trying to compete with $NVDA on the infrastructure used to run AI models at scale. Jane Street led the round and has already received Etched’s first operational server rack, while the company says it has roughly $1B in customer contracts.

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Wall St Engine@wallstengine

2026.08.18 17:52

Etched has raised $700M at a $21B valuation, more than doubling its $10.3B valuation from just a few weeks ago. Etched is an AI chip startup building specialized hardware for inference, essentially trying to compete with $NVDA on the infrastructure used to run AI models at scale. Jane Street led the round and has already received Etched’s first operational server rack, while the company says it has roughly $1B in customer contracts.