Etched Said To Field Funding Offers At $40 Billion To $50 Billion Valuation
· TexaHub · AI in Industry, Technology Trends
AI inference chip startup Etched is reviewing preliminary investment offers that would roughly double its most recent $21 billion valuation, according to TechCrunch.
Offers double the last valuation
Etched, a San Jose inference-chip startup, is reviewing funding offers at valuations between $40 billion and $50 billion, according to TechCrunch reporting on 5 October 2026 [1]. The talks are preliminary, and terms could change or no deal could result; Etched declined to comment [2].
The company was valued at $10.3 billion in a $300 million round in July and at $21 billion after a $700 million round led by Jane Street, which is also a customer [1][2].
Commercial traction
Etched, founded by Harvard dropouts Gavin Uberti, Chris Zhu and Robert Wachen, says its systems can process more tokens at lower cost than Nvidia chips. It reports more than $1 billion in customer orders, about 400 employees and a 10-megawatt data center in Silicon Valley, according to the TechCrunch report as summarized by American Bazaar [1]. The company has begun validating its first rack-scale product with customers [2].
Sources
[1] Etched draws funding offers at over $40 billion valuation — American Bazaar (citing TechCrunch), 6 Oct 2026
[2] Etched Fields Funding Offers at $40B-$50B Valuation After $21B Round — MLQ.ai, Oct 2026