A quant fund just made Etched's valuation double in a month
Jane Street, which tested and bought Etched's first shipped inference cluster, led a $700M round that pushed the startup's valuation to $21B, up from $10.3B in July. The jump is driven by two custom-built components: a low-voltage prefill chip and cluster-scale memory for the decode phase. It signals buyers, not just VCs, are now pricing AI-infra winners.