Etched Raises $800M from Jane Street and TSMC-Affiliated VC

AI chip startup Etched has raised $800 million in a major funding round. The company announced that the round was led by Jane Street and a venture capital firm affiliated with TSMC. The investment will support Etched's growth plans in the AI hardware space. Etched develops specialized chips optimized for training and inference of AI models. The company's technology aims to deliver higher performance and energy efficiency compared to current general-purpose chips. The funding comes at a time of increasing competition in the AI hardware market. Jane Street is known as a financial trading firm, while the TSMC-affiliated VC operates as the investment arm of semiconductor manufacturing giant Taiwan Semiconductor Manufacturing Company (TSMC). The participation of these investors reflects confidence in Etched's technology and market potential. According to details of the funding round, Etched's valuation has significantly increased with this round. The company plans to use the new funds to accelerate R&D efforts and expand production capacity. This move is seen as an important step toward becoming a stronger player in the AI chip market. This is not investment advice.