SEOUL, September 19 (AJP) - Samsung has co-led a $231 million funding round in Dutch semiconductor startup Euclyd, backing a young company developing an artificial intelligence chip system with an architecture different from Nvidia’s dominant graphics processing units.
Euclyd said the Series A financing totaled more than €200 million and was co-led by Samsung, Somerset Capital Partners, the EQT-managed Scaleup Europe Fund and Innovation Industries. Denmark’s EIFO, imec.xpand, the Brabant Development Agency and Quadri also participated.
Founded in 2024 by Bernardo Kastrup and Atul Sinha in Eindhoven, the Netherlands, Euclyd is focusing on AI inference — the process in which a trained AI model responds to requests — rather than primarily on training models. Its planned platform combines programmable computing, processor-memory co-design and data-center systems in an effort to lower energy consumption and computing costs.
“Samsung can help us in more ways than money,” Kastrup told CNBC. “They are one of the biggest memory manufacturers in the world.” He said Samsung also brings extensive engineering expertise, knowledge of computing systems and supply chains, as well as a large global network.
Samsung Electronics Senior Vice President Dede Goldschmidt, who heads the Samsung Semiconductor Innovation Center, said in Euclyd’s announcement that improving the efficiency and scalability of AI infrastructure would be critical as the technology develops.
Euclyd’s technology has yet to be demonstrated at scale in commercial deployments. The company plans to begin rolling out physical chip systems in 2028 and aims to serve thousands of enterprise customers by 2030. It is pursuing both sales of hardware and rack systems for companies running AI on their own infrastructure and licensing of its technology to other chip developers.
Former ASML President and CEO Peter Wennink has also joined Euclyd as chairman of its board, giving the two-year-old startup a prominent figure from Europe’s semiconductor industry as it prepares for commercial deployment.
AJP Takeaways
- Samsung co-led Euclyd’s more than €200 million Series A funding round.
- Euclyd is developing inference chips using an architecture different from GPUs.
- The Dutch startup targets physical chip deployments from 2028 and thousands of customers by 2030.
Copyright ⓒ Aju Press All rights reserved.