19 August 2026

Etched raises $700M for AI chip manufacturing at $21B valuation

First reported

TechCrunch ran this on , a day before the other 2 sources picked it up.

  • Etched, an AI chip startup, closed a $700 million funding round led by Jane Street capital.
  • The round valued Etched at $21 billion, placing it among the most expensive private AI hardware companies.

Where they differ

Reported by TechCrunch