Etched AI valuation doubles to $21B in a month
Etched on Tuesday announced that it has raised another $700 million at a $21 billion valuation, led by Jane Street after the famed quant fund tested and bought the startup’s AI hardware. Even by AI standards, this valua…
Etched on Tuesday announced that it has raised another $700 million at a $21 billion valuation, led by Jane Street after the famed quant fund tested and bought the startup’s AI hardware. Even by AI standards, this valuation step-up is jaw-droppingly fast. Etched was valued at $5 billion in December. It raised a $300 million Series C at a $10.3 billion valuation in July. Now investors have doubled its valuation to $21 billion, up nearly $11 billion, in a month.