# Etched

> Rack-scale custom inference clusters with silicon for prefill and decode, not a GPU neocloud.

## Why it is interesting

August 18, 2026: $700M at $21B led by Jane Street after the trading firm tested the chip and installed the first shipped rack — doubling July’s $10.3B Series C in a month. Revenue was not disclosed.

## Profile

- **Stage:** growth
- **Status:** private
- **Industries:** hardware-semiconductors, ai-ml, infra-cloud
- **Coverage:** full
- **Last updated:** 2026-08-19

## Key facts

- Aug 18, 2026: $700M at $21B; Jane Street lead and first named customer (company)
- July 23, 2026: $300M Series C at $10.3B; Sequoia led (company / TechCrunch)
- First rack shipped to Jane Street’s datacenter (company + Jane Street quote)
- Directory funds on the Aug 18 post: Kleiner Perkins, Sequoia, a16z, Tiger Global, Bain Capital Ventures, Neo
- Revenue not disclosed in the August 18 post

## Investors in our directory

- https://venturecapitaltracker.com/fund/kleiner-perkins
- https://venturecapitaltracker.com/fund/sequoia
- https://venturecapitaltracker.com/fund/andreessen-horowitz
- https://venturecapitaltracker.com/fund/tiger-global-management
- https://venturecapitaltracker.com/fund/bain-capital-ventures
- https://venturecapitaltracker.com/fund/neo

## Related articles

- https://venturecapitaltracker.com/2026-etched-700m-21b-jane-street
- https://venturecapitaltracker.com/2026-etched-300m-series-c-10-3b-sequoia
- https://venturecapitaltracker.com/2026-august-14-18-investment-news-ai-infra-physical
- https://venturecapitaltracker.com/2026-august-vc-news

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Source: https://venturecapitaltracker.com/startup/etched