Euclyd

AI Chips · Semiconductors · AI Infrastructure

Funding

Euclyd raises $230M Series A backed by Samsung to rival Nvidia chips

Its chip systems remain unproven at commercial scale, yet investors are betting efficiency, not raw power, will decide the next AI chip war.

• Euclyd closed a Series A of more than €200 million (about $230 million), co-led by Samsung, Somerset Capital Partners, EQT's Scaleup Europe Fund, and Innovation Industries.
• Founded in 2024 at Eindhoven's High Tech Campus by Bernardo Kastrup and Atul Sinha, Euclyd designs AI inference chips with a fundamentally different architecture than Nvidia's GPUs.
• Its craftwerk chip and craftwerk station CWS pair programmable ASIC compute with processor-memory co-design, aiming to cut energy use and cost per AI token.
• The startup plans two revenue lines: selling hardware and rack systems to enterprises wanting self-hosted AI inference, and licensing its chip IP to other developers.
• Former ASML president and CEO Peter Wennink has joined Euclyd's board as chairman, adding deep semiconductor manufacturing credibility to a pre-commercial startup.
• Euclyd's CEO says the roadmap targets shipping physical chip systems by 2028 and serving thousands of enterprise customers by 2030 — the technology has yet to be validated commercially.
• The round lands amid a broader push against Nvidia's chip dominance, with OpenAI, Google, Meta and AWS all building custom AI silicon of their own.
• Samsung's participation shows a leading memory maker is willing to bet on re-architected AI infrastructure well before any Euclyd product has proven itself at scale.