--- title: "Nvidia rival Etched raises $800M with backing from Jane Street and a TSMC-linked fund" url: https://daily.dev/posts/nvidia-rival-etched-raises-800m-with-backing-from-jane-street-and-a-tsmc-linked-fund-kkma4slul source_url: https://thenextweb.com/news/etched-800-million-jane-street-tsmc-inference-chip type: article source: "The Next Web" published: 2026-06-30T16:27:58.834Z updated: 2026-06-30T23:53:36.446Z tags: ["nvidia", "ai-inference"] reading_time: 3 upvotes: 0 comments: 0 language: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Nvidia rival Etched raises $800M with backing from Jane Street and a TSMC-linked fund **[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments ## Summary AI chip startup Etched has raised $800M in total funding, with backers including trading firm Jane Street and TSMC-linked VentureTech Alliance. The company, founded in 2022 by Harvard dropouts, has signed $1B in sales contracts and plans to ship its Sohu chip this summer. Sohu is purpose-built for transformer model inference, embedding the architecture directly into silicon rather than repurposing general-purpose GPUs. Etched also designed its full server rack — including cooling and networking — a first among chip startups. Notable investors include Geoffrey Hinton, Fei-Fei Li, and Stanley Druckenmiller. The inference chip market is seeing massive capital inflows as the industry shifts from training to running AI models at scale. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Etched raises $300M at a $10.3B valuation, SK Hynix in](https://daily.dev/posts/etched-raises-300m-at-a-10-3b-valuation-sk-hynix-in-hmkznotmf) · The Next Web · 0 upvotes · 0 comments --- Tags: [#nvidia](https://daily.dev/tags/nvidia), [#ai-inference](https://daily.dev/tags/ai-inference) [View this post on daily.dev](https://daily.dev/posts/nvidia-rival-etched-raises-800m-with-backing-from-jane-street-and-a-tsmc-linked-fund-kkma4slul)