Etched Raises $700 Million In Funding Led By Jane Street

AI Chip Startup Etched Valued at $21 Billion After Funding Round

Jane Street-backed AI chip startup Etched stated on Aug. 18 that it more than doubled its valuation in less than a month to $21 billion after raising $700 million. The Series D funding round was led by Jane Street and included Sequoia Capital, Andreessen Horowitz, Kleiner Perkins, Blackstone, Peter Thiel, and others. Etched was valued at $10.3 billion in July after its Series C. Founded in 2022 and with a team of more than 400 engineers, the com…

Etched Raises $700 Million In Funding Led By Jane Street

Etched secured $700 million in August 2026 funding at a $21 billion valuation, led by Jane Street, which also became its first customer after testing and deploying the startup’s inference hardware racks. Etched raised $700 million at a $21 billion valuation in a round led by Jane Street. This more than doubled the company’s valuation from the $10.3 billion set in its $300 million Series C just weeks earlier (July 23, 2026, led by Sequoia). That …