Samsung Leads Over €200 Million Funding Round in Dutch AI Chip Startup Euclyd

Beating AI News Flash: Dutch AI chip startup Euclyd has completed an over €200 million Series A funding round, co-led by Samsung, Somerset Capital Partners, EQT's Scaleup Europe Fund, and Innovation Industries, with participation from EIFO, imec.xpand, Brabant Development Agency, and Quadri, among others.

Founded in 2024 and headquartered in Eindhoven, the Netherlands, Euclyd focuses on AI inference chips, aiming to challenge Nvidia's GPU dominance in inference scenarios. The company's CRAFTWERK chip features 16,384 custom processors that can process data directly in memory; its rack-level product, CRAFTWERK Station, is planned to integrate 32 chips and targets achieving 1 exaflop of computing power by 2028.

Euclyd claims that its chip can achieve up to 100 times the energy efficiency of Nvidia's latest Vera Rubin chip under specific test models, but this figure remains a company projection and has not yet been verified through commercial-scale deployment.

The funding round had previously targeted at least €100 million and ultimately exceeded €200 million. The company plans to use the funds to expand its engineering team, accelerate chip and data center system development, and advance its business with enterprise, sovereign clients, and hyperscale cloud service providers. Euclyd is currently in talks with 4 potential customers and expects to begin supplying two of them in 2027. Former ASML CEO Peter Wennink will also join Euclyd as chairman.