Etched fields funding offers at $40B+ valuation

AI chip startup Etched, which raised $700M at a $21B valuation in September, is already receiving investment offers valuing it at $40–50B. The company builds full AI systems on its own chips and has $1B in customer orders, including Jane Street.

• Etched raised $700M at a $21B valuation in September
• New offers value the company at $40–50B
• Order book reached $1B, including Jane Street
• About 15% of its 400 employees previously worked at Nvidia