Svmuu News: AI chip startup Etched has raised approximately $800 million,with investors including quantitative trading giant Jane Street and a venture capital firm affiliated with Taiwan Semiconductor Manufacturing Company (TSMC). The company is currently testing its AI inference chips and plans to begin shipping to select customers this summer. It has also signed sales contracts totaling approximately $1 billion, though specific customers have not been disclosed.
Founded in 2022, the company positions itself as a potential competitor to NVIDIA in the AI computing chip sector. It focuses on designing custom chip architectures for large-model inference scenarios and has partnered with theTSMCto develop “low-voltage inference” technology to reduce power consumption and thermal stress.
Details of this funding round, which previously revealed a valuation of approximately $500 million, were disclosed earlier. Participants included Stripes, funds affiliated with Peter Thiel, and several quantitative investment firms. Jane Street is reported to have invested more than $100 million to date and has made additional investments in subsequent rounds. (Bloomberg)