Dispatch
Etched doubles to $21B in a month after Jane Street ran its first shipped cluster
Etched raised a $700M Series D on August 18 at a $21 billion valuation, double the $10.3B it hit in July and more than four times its $5B mark in December 2025. Jane Street led the round after installing Etched's first shipped AI cluster in its own datacenter and saying it was pleased with early results, joined by Kleiner Perkins, Sequoia, a16z, Peter Thiel, Tiger Global, and Blackstone. Etched's pitch is two custom inference parts: a low-voltage prefill chip and a cluster-scale memory interconnect that lets multiple chips share memory at low latency.
Source
↳ Follow the thread