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Euclyd raises €200M in Series A led by Somerset Capital Partners and Samsung to develop GPU alternatives for AI inference.
PRIVATESep 14, 2026•about 2 hours ago
Amount Raised
€231 Million
Round Type
Series A
Artificial IntelligenceMachine Learning
Investors
Innovation IndustriesScaleup Europe Fund (Eqt)Somerset Capital PartnersSamsung
Description
Dutch AI chipmaker Euclyd has closed a €200 million Series A funding round with backing from Samsung, Somerset Capital Partners, the Scaleup Europe Fund (managed by EQT), and Innovation Industries. The funding will support the company's development of an AI chip system with alternative architecture to GPUs, designed specifically for inference workloads. Founded in 2024, Euclyd is positioning itself as part of a growing wave of startups developing alternatives to Nvidia's dominant GPU market. The round reflects increasing investment in specialized AI processors as hyperscalers and companies seek alternatives to Nvidia's near-monopoly.
Company Information
Company
Euclyd
About
Euclyd is a Dutch startup focused on developing AI chip systems, founded in 2024 by former ASML director Bernardo Kastrup. The company aims to address the lack of advanced inference silicon in Europe. Its flagship product, CRAFTWERK, is engineered specifically for AI inference tasks, significantly improving power efficiency compared to conventional GPUs. Euclyd is backed by notable figures in the semiconductor industry and aims to serve initial clients in the near future.
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1 contact
Verified contactsIngolf, Co-Founder & Vice President of Product hidden
