Euclyd, a chip startup based in Eindhoven, has secured over €200 million in a Series A funding round. The investment was co-led by Samsung, Somerset Capital Partners, the Scaleup Europe Fund managed by EQT, and Innovation Industries. Additional participants include EIFO, imec.xpand, the Brabant Development Agency, and Quadri.
Founded in 2024 by Bernardo Kastrup and his partners, the company is developing the CRAFTWERK chip. It features 16,384 custom processors designed to perform computations directly within memory. The company plans to release the CRAFTWERK Station, a rack-scale system combining 32 chips, with a target of one exaflop of compute performance by 2028.
The startup aims to compete with Nvidia by focusing on AI inference efficiency. Euclyd claims its architecture could offer up to 100 times the power efficiency of Nvidia’s Vera Rubin chips, though these projections remain untested at a commercial scale. The company intends to control the entire technology stack, including chips, memory, and datacenter infrastructure.
The fresh capital will support the expansion of the engineering team and accelerate the development of silicon and systems. Euclyd is currently in discussions with four potential customers and aims to begin supplying two of them by 2027. The company previously raised a seed round of less than €10 million before closing this latest financing.
