Samsung backs Dutch AI chip startup Euclyd in $231m round
Euclyd plans to begin rolling out its physical chip systems in 2028.
Eindhoven-based AI semiconductor startup EUCLYD secured over €200 million in Series A funding to enhance its infrastructure for foundation AI models. The investment round was co-led by Samsung, Somerset Capital Partners, the Scaleup Europe Fund managed by EQT, and Innovation Industries, with support from EIFO, imec.xpand, the Brabant Development Agency, and Quadri.
Peter Wennink, former CEO of ASML, joined EUCLYD’s board as Chairman. Bernardo Kastrup, EUCLYD's founder and CEO, stated that AI is crucial for growth and competitiveness, but its potential is limited unless infrastructure changes. The funding aims to accelerate the development of ultra-efficient AI infrastructure, including custom compute silicon, memory architecture, and data center systems.
EUCLYD's flagship products are craftwerk, the world's first agentic AI silicon, and craftwerk station CWS, described as the world's lowest-power exascale AI factory. These products aim to address the compute and memory constraints faced by AI models as they grow more capable. EUCLYD aims to achieve "Abundant Intelligence," an AI-driven future where advanced AI is not limited by infrastructure costs or power availability.
The Series A funds will be used to expand the engineering team, accelerate silicon and systems development, deepen industry partnerships, and target enterprise, government, and hyperscale AI markets.
Written by urgent.news from EU-Startups's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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