Euclyd raises $230M+ to develop chips for AI agents
Dutch chipmaker Euclyd BV today announced that it has raised more than €200 million, or $230 million, from a group of prominent investors. Samsung Electronics Co., Somerset Capital Partners and the Scaleup Europe Fund led the Series A deal. They were joined by several other institutional backers including imec.xpand, a fund associated with the Imec […] The post Euclyd raises $230M+ to develop…
Dutch chipmaker Euclyd BV has secured over $230 million in funding to develop chips for artificial intelligence agents. Samsung Electronics Co., Somerset Capital Partners, and the Scaleup Europe Fund led the Series A deal, joined by institutional backers including imec.xpand. Former ASML CEO Peter Wennink joined Euclyd's board. The company is developing an AI chip called craftwerk, which will power AI clusters with over an exaflop of performance.
Euclyd claims craftwerk is designed to run AI agents, featuring circuits optimized for inference rather than training, and likely including CPU cores. The computing module will be an ASIC with an innovative memory architecture, pursuing processor-memory co-design for optimized RAM. Euclyd aims for power-efficiency to tackle the memory wall and is partnering with Samsung, a top HBM supplier.
The company plans to launch craftwerk in 2028 for data center operators and license the technology to other chipmakers by 2030.
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