Etched raised $700 million at a $21 billion valuation. Jane Street led the round — after buying the first rack, install…
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Etched raised $700 million at a $21 billion valuation. Jane Street led the round — after buying the first rack, installing it in their own data center, and running it. The velocity is absurd. $5 billion in December. $10.3 billion in July. $21 billion now. That’s 4.2x in eight months and 2x in 26 days. Three bets on the same problem. Nvidia is the general-purpose platform — runs anything, and CUDA is the moat. Cerebras went physical, one silicon wafer as a single chip. Etched went narrow:…
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