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Jane Street leads $700M round that doubles Etched's valuation to $21B
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Etched announced a $700 million raise at a $21 billion valuation, led by Jane Street after the quant fund tested and bought the startup's AI hardware.
Etched's custom inference hardware, with a low-voltage prefill chip and cluster-scale memory, promises faster and cheaper inference for AI workloads. For engineers, this signals a move toward specialized inference accelerators that separate prefill and decode stages, potentially reshaping how AI systems are deployed. The rapid valuation jump reflects investor confidence in this approach, but the hardware's real-world performance is still early.
Written by elseif from the cluster below · every claim links back to a sourceThe three things worth knowing
Etched raised $700 million at a $21 billion valuation, doubling its valuation in a month.
Jane Street led the round after testing and buying Etched's AI hardware clusters.
Etched's systems use a prefill chip and cluster-scale memory to speed up inference and lower costs.
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