Dutch AI Chip Startup Euclyd Raises Over €200M in Series A

Dutch AI chip startup Euclyd announced on September 15 that it has completed a Series A funding round of over €200 million (approximately $1.55 billion RMB). The round was co-led by Samsung, Somerset Capital Partners, EQT's Scaleup Europe Fund and Innovation Industries, with participation from Danish export investment fund EIFO, imec.xpand, BOM and Quadri.

On the same day, Euclyd announced that former ASML President and CEO Peter Wennin has joined the company as Chairman of the Board. Founded in 2024 and headquartered in the Netherlands, Euclyd was co-founded by Bernardo Kastrup and Atul Sinha. Kastrup holds dual PhDs in computer engineering and philosophy, previously worked on the ATLAS experiment trigger system at CERN, later joined Philips Research, and co-founded parallel processor company Silicon Hive, which was acquired by Intel. He subsequently served as a director at ASML, responsible for product strategy.

Euclyd is designing an AI chip system that differs from GPU architectures, targeting AI inference workloads across both processor and memory architecture. Its core roadmap includes craftwerk, described as the world's first silicon chip for agentic AI, and the craftwerk station CWS platform, which the company says is the world's lowest-power exascale AI factory, combining programmable ASIC computing, processor-memory co-design and system-level optimization. The company remains in the product development stage, and its AI chip system has not yet been validated through large-scale commercial deployment.

According to CNBC, Euclyd has outlined two revenue paths: directly selling hardware and physical rack systems to enterprise customers with secure self-hosted inference needs, enabling them to run large model inference locally, and selling IP licenses to companies that want to develop their own chips based on its technology. Kastrup said Samsung's strategic value goes beyond capital, citing its strengths in engineering, system understanding, supply chain management and industrial networks. As a major supplier of HBM and DRAM, Samsung's cooperation with AI inference chip companies also aligns with its memory business.

Euclyd plans to launch its physical chip system in 2028 and serve thousands of enterprise customers by 2030.