EUCLYD Raises Over €200 Million to Break the AI Efficiency Wall
- EUCLYD secured new capital to develop ultra-efficient infrastructure for AI models, with the Eindhoven-based company targeting the efficiency wall limiting current AI scalability and performance.
- As foundation models expand, they require increasing power, memory bandwidth, and capital; EUCLYD developed a platform spanning ASIC compute and datacenter systems to overcome infrastructure constraints.
- At the core of the roadmap is CWS, an ultra-low-power exascale AI factory designed to reduce cost, energy use, and physical footprint for AI deployment.
- Dede Goldschmidt, Senior Vice President of Samsung Electronics and Head of the Samsung Semiconductor Innovation Center, stated the financing accelerates the mission to "make intelligence abundant." Investors including EQT and the Scaleup Europe Fund backed the round.
- Bernardo Kastrup, Founder and Chief Executive Officer of EUCLYD, noted AI potential remains constrained without fundamental infrastructure changes, aligning with the firm's long-term vision of Abundant Intelligence.
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Eindhoven-based AI chip company Euclyd has raised over 200 million euros from investors in the startup's first major financing round. The company, which was founded in 2024 at the High Tech Campus Eindhoven, also announced that former top executive Peter Wennink of chip machine manufacturer ASML will become chairman of the supervisory board.
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Eindhoven-based AI chip company Euclyd has raised over 200 million euros from investors in the startup's first major financing round. The company, which was founded in 2024 at the High Tech Campus Eindhoven, also announced that former top executive Peter Wennink of chip machine manufacturer ASML will become chairman of the supervisory board.
EBB: Two-year old AI chip startup Euclyd raises 200 million euro Series A
(Editor’s note: This post on Euclyd is part of our Tech Tuesday series. Dispatches covers tech because so many of our highly skilled internationals are engineers and founders.) One of Europe’s most promising AI infrastructure plays is announcing a major capital raise, with Korean electronics giant Samsung a co-lead investor. The two-year old Eindhoven-based startup […] The post EBB: Two-year old AI chip startup Euclyd raises 200 million euro Ser…
The Eindhoven-based AI company Euclyd has raised over 200 million euros from investors. With this money, the start-up aims to develop chips and computer systems that make artificial intelligence more efficient and cheaper. It is the second time in a short period that an Eindhoven chip company has raised a large sum of money. Previously, investors put 250 million euros into Axelera AI. The funding comes from, among others, Samsung, various major…
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