# Etched raises $700 million in Jane Street-led round

_Tuesday, August 18, 2026 at 6:26 AM EDT · AI · Latest · Tier 1 — Major_

Etched has raised $700 million in a funding round led by Jane Street, which the Wall Street Journal identifies as a new customer for Etched server racks. The report values the AI inference-chip startup at $21 billion, up from $10.3 billion after a $300 million raise in July. Etched has signed the quantitative-trading firm Jane Street as its first customer.

## Sources

- [Techmeme](https://www.techmeme.com/260818/p8#a260818p8)

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Retrieved: 2026-08-18T13:12:57.032Z
Publisher: Tech & Business (techandbusiness.org)