Jane Street invests in Etched
Funding Provisional 98% confidence first seen
Jane Street led a $700 million funding round in Etched at a $21 billion valuation, more than doubling the startup's valuation from $10.3 billion in July. Jane Street tested Etched's AI inference hardware and made a direct purchase, with the quant fund now running Etched's systems in its own datacenter. Etched has designed custom chips for the prefill and decode phases of AI inference to accelerate processing speed while reducing costs.
The deal
Etched $700 million Late stage · announced 18 Aug 2026
Investors Jane Street
Deal terms as reported in the coverage below.