Etched’s valuation doubles to $21B in a month
Jane Street led a $700 million round after testing Etched’s hardware and buying a rack for its own datacenter.
Etched says the new money values it at $21 billion, up from $10.3 billion in July and $5 billion in December. The company is selling “frontier inference clusters,” built around new prefill and decode components meant to make AI responses faster and cheaper. COO Robert Wachen told TechCrunch the systems can run any frontier model, pushing back on the older perception that Etched chips were tied to a single model. TechCrunch AI's note
Etched says the new money values it at $21 billion, up from $10.3 billion in July and $5 billion in December. The company is selling “frontier inference clusters,” built around new prefill and decode components meant to make AI responses faster and cheaper. COO Robert Wachen told TechCrunch the systems can run any frontier model, pushing back on the older perception that Etched chips were tied to a single model. TechCrunch AI's note
score 9