Etched's Valuation Surges to $21 Billion in a Month

Etched's valuation surged to $21 billion in a month following a $700 million funding round led by Jane Street, driven by its innovative AI inference hardware. The startup developed custom chips and cluster-scale memory systems to accelerate AI model processing, positioning itself as a key player in the AI infrastructure space.

Jane Street has installed Etched's first shipped AI cluster system, and was so impressed, it led another massive round, the startup says.

Read original article