Observed Signal · Sep 15, 2026 · Funding · Source: EU-Startups (European Venture) · Impact: 4/5 · Sentiment: Positive
Dutch AI chip startup EUCLYD raises €200M Series A
Dutch semiconductor startup EUCLYD, based in Eindhoven, has raised over €200 million in a Series A funding round to develop ultra-efficient infrastructure for foundation AI models. The round was co-led by Samsung, Somerset Capital Partners, the EQT-managed Scaleup Europe Fund, and Innovation Industries, with additional participation from EIFO, imec.xpand, Brabant Development Agency (BOM), and Quadri. Peter Wennink, former CEO of ASML, joins as Chairman. Founded in 2024 by Bernardo Kastrup and Atul Sinha, EUCLYD focuses on compute and memory bottlenecks in AI data centers, offering products like 'craftwerk' and 'craftwerk station CWS'. The funding will be used to expand engineering teams, accelerate product development, and target enterprise, government, and hyperscale markets.
Significant funding in AI infrastructure, relevant to AdTech due to AI-driven advertising and data processing.
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Key Takeaways & Evidence Grounding
- EUCLYD raised over €200 million in a Series A round.
- The round was co-led by Samsung, Somerset Capital Partners, EQT-managed Scaleup Europe Fund, and Innovation Industries.
- Peter Wennink, former ASML CEO, joined EUCLYD's board as Chairman.
- EUCLYD was founded in 2024 by Bernardo Kastrup and Atul Sinha in Eindhoven.
- The company develops 'craftwerk' and 'craftwerk station CWS' for AI infrastructure.
Connected Companies & Entities
3 Entities mapped“Additional backing came from ... and Quadri....”
“Peter Wennink, the former President and CEO of chip-equipment giant ASML, has joined Euclyd’s board as Chairman....”
“the EQT-managed Scaleup Europe Fund...”
Ontology Mapping & Concepts
Related Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
Samsung co-leads $230M round in Nvidia AI chip rival Euclyd
Dutch startup Euclyd, which designs AI inference chips to rival Nvidia's GPUs, has raised a €200 million ($231 million) Series A round. The round was co-led by Samsung, Somerset Capital Partners, the Scaleup Europe Fund (managed by EQT), and Innovation Industries. Euclyd, founded in 2024, is developing a novel chip architecture for AI inference. The funding will support the company's goal to provide enterprise customers with self-hosted AI inference hardware and to license its intellectual property for custom chip development. Euclyd plans to roll out physical chip systems in 2028 and aims to serve thousands of enterprise customers by 2030. The investment comes amid a broader trend of tech giants developing their own AI chips.
European AI chip startups seek nine‑figure funding
European startups building alternatives to Nvidia GPUs for AI inference are pursuing large funding rounds as demand for efficient inference grows. Dutch Euclyd, founded in 2024 and backed by former ASML executives, is in talks for at least a €100 million round, founder Bernardo Kastrup told CNBC. Other European firms — including the U.K.’s Optalysys, Fractile and France’s Arago — are reportedly targeting nine‑figure raises, while investors have put over $200 million into Netherlands’ Axelera and the U.K.’s Olix so far in 2026. Startups claim novel architectures (e.g., photonic processors, multi‑chiplet systems, in‑memory or distributed processing) can deliver substantially higher power efficiency for inference versus current GPU generations. Challenges cited include long chip development cycles, fragmented European foundry and procurement ecosystems, and funding gaps versus U.S. competitors. Nvidia continues heavy investment in R&D and recent acquisitions and investments to support inference and photonics work.
Eridu Secures $200M to Revolutionize AI Networking
Eridu, an AI networking startup co-founded by Drew Perkins and Omar Hassen, emerged from stealth announcing an oversubscribed $200 million Series A led by Socratic Partners, John Doerr, Matter Venture Partners and others. The company says it has raised $230 million in total. Founded in 2024 after the founders began rethinking networking silicon for AI data centers, Eridu is building switches and chips that move more networking functions on‑chip to reduce hops, latency, power and optical components. The startup intends to sell complete systems that would occupy the networking role in AI data centers currently filled by traditional vendors such as Arista. Other investors named in the round include Hudson River Trading, Capricorn Investment Group, MediaTek, Bosch Ventures, TDK Ventures, Eclipse, SBVA and VentureTech Alliance (TSMC vehicle).
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