Etched fields funding offers at $40B+ valuation, sources say

Just a couple of months after its last big raise, the AI chip startup is already being plied with investment offers at double or more its current value, sources tell TechCrunch.

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Etched’s valuation doubles to $21B in a month

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

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AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors 

Etched, founded by three Harvard dropouts, has created new chips and memory components that speed up inference on any AI model — no GPUs required, it says.

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Thiel Capital’s Jack Selby nabs stakes in hot startups like Etched through Arizona connections

Selby’s VC firm, Copper Sky Capital, is currently raising a $300 million second fund, according to a regulatory filing.

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Nvidia challenger AI chip startup MatX raised $500M

The startup was founded by former Google TPU engineers in 2023.

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