Top Stories· August 18, 2026 at 05:21 p.m.
AI Startup Etched Secures $700 Million at a $21 Billion Valuation
Key takeaways
- Etched has raised an additional $700 million
- The company's valuation has doubled to $21 billion
- Jane Street led the funding round
Tech startup Etched announced on Tuesday that it has raised an additional $700 million, bringing its valuation to $21 billion. The funding round was led by Jane Street, a renowned quantitative trading firm that tested and purchased the startup's AI hardware. This rapid increase in valuation is noteworthy, as Etched was valued at $5 billion just six months ago.
