From Zero to One

NewsAugust 18, 2026

From Zero to One

We shipped our first rack to Jane Street.

This is the first step on our mission to run the world's inference.

To accelerate production, we've raised $700M at a $21B valuation. This round was led by Jane Street after testing our hardware. In their words:

"We tested the chip and are pleased with the early results. Etched's unique approach to inference delivers the precision we will need to support our most demanding workloads. We're excited to now have our own rack running in our datacenter."

Jane Street is joined by Kleiner Perkins, Sequoia Capital, Andreessen Horowitz, Peter Thiel, Tiger Global, Bain Capital Ventures, Neo, Stripes, Primary, Positive Sum, Diffusion, Argo, and Blackstone. We're incredibly grateful for the support of all of our investors, customers, and suppliers.

Under 1% of the world has access to frontier models. Scaling intelligence requires a new kind of inference hardware.

We're working on it.

As we ramp to Gigawatt-scale, we'll face a new set of challenges: building new factories, global supply chains, fleet software, self-improving kernel agents, and more.

The racks won't build themselves. If running the world's inference excites you, please join us.

NewsAugust 18, 2026