Etched fields funding offers at $40B+ valuation, sources say
Just a couple of months after its last big raise, the AI chip startup is already being plied with investment offers at double or more its current value, sources tell TechCrunch.
Jane Street has installed Etched’s first shipped AI cluster system, and was so impressed, it led another massive round, the startup says.
Etched, founded by three Harvard dropouts, has created new chips and memory components that speed up inference on any AI model — no GPUs required, it says.
Selby’s VC firm Copper Sky Capital is currently raising a $300 million second fund, according to a regulatory filing.