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

_Published Tuesday, August 18, 2026 at 7:07 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)
- [Startups | TechCrunch](https://techcrunch.com/2026/08/18/etcheds-valuation-doubles-to-21b-in-a-month/)

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Canonical: https://techandbusiness.org/newswire/UHSkxUnPYhDQv1yMLK6lj2
Published: 2026-08-18T11:07:24.390Z
Story chronology: 2026-08-18T10:26:07.000Z
Retrieved: 2026-10-02T21:56:01.236Z
Publisher: Tech & Business (techandbusiness.org)