Dutch AI chip startup Euclyd has secured more than €200 million, approximately $231 million, in a Series A funding round. The investment was co-led by Samsung, Somerset Capital Partners, the EQT-managed Scaleup Europe Fund, and Innovation Industries. The Eindhoven-based company, founded in 2024 by Bernardo Kastrup and Atul Sinha, focuses on developing an AI inference system using a unique chip-and-memory architecture.
The startup aims to address high energy demands and costs associated with AI models. Euclyd plans to generate revenue by selling physical rack systems for enterprise infrastructure and licensing its intellectual property to other chip manufacturers. Former ASML CEO Peter Wennink has joined the company as chairman of the board to support its strategic development.
Samsung’s participation provides Euclyd with access to significant supply chain expertise and memory manufacturing capabilities. This partnership is part of Samsung's broader strategy to expand its influence in the AI hardware sector, which includes collaborations with OpenAI and involvement in the Stargate data-center project.
Euclyd intends to begin the rollout of its physical chip systems by 2028. The company has set a goal to serve thousands of enterprise customers by 2030. While the startup positions itself as a challenger to Nvidia’s dominant GPU-based infrastructure, its technology has yet to be proven at scale in commercial deployments.
