AI inference chip startup Etched raised $700M led by its new server rack customer Jane Street at a $21B valuation, up from $10.3B after raising $300M in July (Robbie Whelan/Wall Street Journal)
Jane Street is not just funding Etched; it is buying the startup’s server racks.
Etched raised $700 million in a round led by Jane Street, which is also a new customer for its AI inference hardware. The deal values the startup at $21 billion, roughly double the $10.3 billion valuation reported after its $300 million raise in July. The note attributes the report to Robbie Whelan at The Wall Street Journal. Techmeme's note
Etched raised $700 million in a round led by Jane Street, which is also a new customer for its AI inference hardware. The deal values the startup at $21 billion, roughly double the $10.3 billion valuation reported after its $300 million raise in July. The note attributes the report to Robbie Whelan at The Wall Street Journal. Techmeme's note
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