English NewsSunday, 15 November 2026
Latest
Arrest warrant issued after absence from coastal statue caseTwo respondents summoned over alleged breach of online-posting orderLandslide alerts cover parts of seven districts until November 12 eveningUnregistered shop signs removed along Adampan main roadCocaine case involving three defendants set for January 25 pre-trial conferenceMirissa guide says viral boat video showed play between friendsWhat could a change of government in Israel mean for relations with India?Sri Lanka keeps electricity tariffs unchanged for final quarterFive-working-day business registration pilot begins in selected Sri Lanka divisionsDrone taxi project takes flight at Colombo Port CityPooja Hegde draws crowds at Colombo fashion-store openingMinistry explains private fuel price flexibility and plans 72 CPC stations
AI

Etched raises US$700 million, reaching a US$21 billion valuation

2026-08-19

Etched raises US$700 million, reaching a US$21 billion valuation
Photo: kumar303 (CC BY-SA 2.0)

Kleiner Perkins, Sequoia, Andreessen Horowitz and Tiger Global took part in the Jane Street-led round reported on August 18, 2026. Jane Street received the first rack last month, reports say, and Etched says customer contracts exceed US$1 billion.

Capital is moving to transformer-specific inference hardware. The funding figures are well supported; performance, contract value and production-scale reliability are company claims without independent benchmarks.

More AI technology news

More in AI

Etched raises US$700 million at a US$21 billion valuation

Etched raises US$700 million at a US$21 billion valuation

Crusoe reportedly signs five-year US$13 billion AI cloud deal with Jane Street

Crusoe reportedly signs five-year US$13 billion AI cloud deal with Jane Street

XPeng Robotics raises more than US$900 million at a valuation above US$6.3 billion

XPeng Robotics raises more than US$900 million at a valuation above US$6.3 billion

Wonderful raises US$550 million at a US$5 billion valuation

Wonderful raises US$550 million at a US$5 billion valuation

Crusoe and Jane Street reportedly agree US$13 billion AI cloud deal

Crusoe and Jane Street reportedly agree US$13 billion AI cloud deal