Dutch AI Chip Startup Euclyd Raises $231 Million in Funding Round Co-Led by Samsung
The round will fund low-power inference chips aimed at cutting AI data center energy use and costs, with commercial deployments planned for 2028.
- Samsung backed Dutch startup Euclyd in a 200-million-euro Series A funding round, joining Somerset Capital Partners, EQT, and Innovation Industries to support development of alternative AI chip architecture.
- As Nvidia's GPUs maintain a near-monopoly on the AI market, hyperscalers including Google, AWS, and Meta are developing proprietary processors to reduce dependency on dominant chip suppliers.
- Euclyd plans to sell hardware and intellectual property for secure self-hosted AI inference. "Samsung can help us in more ways than money," Euclyd CEO Bernardo Kastrup said, citing Samsung's manufacturing expertise and supply-chain knowledge.
- "AI is becoming a foundation of economic growth," Kastrup said, arguing infrastructure must fundamentally change. Euclyd aims to roll out physical chip systems in 2028, serving thousands of enterprise customers by 2030.
- OpenAI recently announced its Jalape chip features "industry-leading speed and efficiency," yet Euclyd's systems remain unproven at commercial scale, highlighting competitive pressures in the emerging AI hardware sector.
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24 Articles
Samsung Electronics is reported to have participated as a co-investor in the Series A funding round of Euclid, a Dutch startup developing AI inference semiconductors with a structure different from NVIDIA's graphics processing units (GPUs). According to CNBC on the 15th (local time), Euclid CEO Bernardo Castrup, along with Somerset Capital Partners, Scale-up Europe Fund managed by EQT, and Innovation Industries, [participated] Samsung Electronics
Samsung backs Dutch AI chip startup Euclyd in $231M funding round to challenge Nvidia - Tech Startups
Samsung is putting money behind a new attempt to loosen Nvidia’s grip on AI computing. Dutch AI chip startup Euclyd has raised more than €200 million, about $231 million, in a Series A round co-led by Samsung, Somerset Capital Partners, […] The post Samsung backs Dutch AI chip startup Euclyd in $231M funding round to challenge Nvidia first appeared on Tech Startups.
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