Sources: AI inference-chip startup Etched is in early talks to raise funding at a $40B-$50B valuation, up from $21B in August (Marina Temkin/TechCrunch)
Although it's only been a couple of months since Etched raised $700 million at a $21 billion valuation, the AI chip startup is already being plied with investment offers …
AI inference-chip startup Etched is in early talks to raise funding at a valuation of $40 billion to $50 billion. This is up from $21 billion in August, when the company raised $700 million.
Etched is reviewing investment offers from top-tier investors and lesser-known backers. The fundraising talks are early, and terms of any deal may change.
The startup is pursuing a costly segment of the AI industry, building full AI hardware systems powered by its proprietary chips. Etched has secured $1 billion in customer orders, including one from quant trading firm Jane Street, which also led the last $700 million funding round.
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- Etched fields funding offers at $40B+ valuation, sources say techcrunch.com
