Etched: AI Chip Startup Doubles Valuation in One Month
Trending Topics Georg Haas ● Covered by 4 sources
Etched, a US AI chip startup founded in 2022, raised $700 million at a $21 billion valuation, doubling its value from $10.3 billion in July. The company developed specialized Prefill and Decode chips that accelerate AI inference with lower power consumption and a proprietary memory-sharing system called Cluster-Scale Memory. The funding, led by Jane Street after the firm tested Etched's hardware, positions the startup as a competitor to Nvidia with a technology approach focused on specific inference workloads.
Why it matters
According to TechCrunch, US-based AI chip startup Etched has raised $700 million in a new funding round at a valuation of $21 billion. The valuation jump is enormous — the young company was still valued at just $5 billion back in January. Valuation multiplied since January This latest funding is already the second round in […] Der Beitrag Etched: AI Chip Startup Doubles Valuation in One Month erschien zuerst auf Trending Topics.
