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

Etched on Tuesday announced that it has raised another $700 million at a $21 billion valuation, led by Jane Street after the famed quant fund tested and bought the startup’s AI hardware. Even by AI standards, this valuation step-up is jaw-droppingly fast.

By AI NewsroomPublished 4 days agoUpdated 20 minutes ago1 views

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

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Key Facts

Fact 1: Etched on Tuesday announced that it has raised another $700 million at a $21 billion valuation, led by Jane Street after the famed quant fund tested and bought the startup’s AI hardware.
Fact 2: Etched was valued at $5 billion in December.
Fact 3: It raised a $300 million Series C at a $10.3 billion valuation in July.
Fact 4: Now investors have doubled its valuation to $21 billion, up nearly $11 billion, in a month.

Etched was valued at $5 billion in December. It raised a $300 million Series C at a $10.3 billion valuation in July. Now investors have doubled its valuation to $21 billion, up nearly $11 billion, in a month.

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Original source: TechCrunch