EUCLYD raises €200 million
EUCLYD raises €200 million from Samsung, Somerset Capital Partners, the EQT-managed Scaleup Europe Fund, Innovation Industries., EIFO, imec.xpand, Brabant Development Agency (BOM), and Quadri.
EUCLYD was founded in 2024 by Bernardo Kastrup and Atul Sinha and is based at the High Tech Campus Eindhoven. Coinciding with the investment, it was announced that former ASML executive Peter Wennink will become Chairman of the Board of Management.
The company is developing a new generation of AI infrastructure intended to offer an alternative to the current market, which is largely dominated by Nvidia. EUCLYD combines proprietary chip designs, advanced memory architectures, and data center systems to run AI models more efficiently and energy-efficiently. The goal is to significantly reduce the costs and energy consumption of AI applications, thereby making artificial intelligence more accessible at scale.
The funding raised will be used for the further development of the AI chip platform, the expansion of the technology portfolio, and the preparation of commercial introductions starting in 2028. In addition, the company aims to strengthen its position as a European player in the global AI semiconductor market in the coming years.
