EUCLYD Raises €200 Million to Break the AI Efficiency Wall With More Efficient Chips

AI models demand more power, memory, chips, and funds to operate. EUCLYD has secured €200 million to address the AI efficiency wall. This scaling crisis requires a fundamental redesign of silicon chips that handle memory bandwidth and processor co-design. EUCLYD, based in the Netherlands, announced this Series A funding recently.

The round was led by Samsung, Somerset Capital Partners, EQT’s Scaleup Europe Fund, and Innovation Industries, with additional investments from EIFO, imec.xpand, the Brabant Development Agency, and Quadri. Peter Wennink, a former ASML President & CEO, will serve as Chairman of the Board.

EUCLYD, located in Eindhoven, Netherlands, is founded by Bernardo Kastrup and Atul Sinha. They are not building the next chatbot, but rather the infrastructure that runs AI in the background. Their goal is to break the efficiency wall by creating chips that redefine how AI hardware operates. EUCLYD's flagship products are Craftwerk, the first "agentic AI silicon" chip, and Craftwerk Station or CWS, which will be the lowest-power exascale AI factory.

Their strategy differs from others in the industry, as they focus on optimizing the communication between the chip and memory instead of just increasing raw power. The vision of Abundant Intelligence is to make good AI accessible to everyone, not just wealthy companies and countries. CEO Bernardo Kastrup believes that AI will be a foundation of economic growth, scientific discovery, and national competitiveness.

The new funding will be used to hire more engineers, accelerate chip development, and prepare for commercialization. Major players like Samsung, EQT, and Peter Wennink from ASML have joined EUCLYD, recognizing the company's potential to transform the European chip and manufacturing landscape.