EUCLYD Secures Over 200 Million Euro in Series A Funding

The Dutch startup EUCLYD has raised more than 200 million EUR in a Series A funding round.

MamStartup reported that the company intends to use the capital to accelerate the development of ultra-efficient infrastructure designed for flagship artificial intelligence models. The firm aims to transform the economics of artificial intelligence inference by creating a platform that includes proprietary computing chips, a novel memory architecture, and complete data center systems.

The funding round was co-led by Samsung, Somerset Capital Partners, Innovation Industries, and the Scaleup Europe Fund managed by EQT. Other participants in the investment include the Danish Export and Investment Fund (EIFO), imec.xpand, the Brabant Development Agency (BOM), and Quadri.

In a management change coinciding with the funding, the former president and chief executive officer of ASML has joined EUCLYD as the chairman of the board. He noted that the company can turn European strengths in semiconductors, advanced manufacturing, and systems engineering into a globally competitive artificial intelligence infrastructure platform.

Based at the High Tech Campus Eindhoven, the company was founded by Bernardo Kastrup and Atul Sinha. Their long-term vision is a concept called Abundant Intelligence, where the deployment of advanced models is not limited by energy availability, infrastructure costs, or geographic location.

EUCLYD plans to allocate the funds to expand its engineering team and accelerate work on integrated circuits and systems. The company also intends to grow its ecosystem partnerships and prepare for commercial deployment across government sectors, hyperscalers, and the enterprise market. The startup seeks to address performance and memory barriers that currently limit the scalability of artificial intelligence through the use of programmable application-specific integrated circuits and the co-design of processors and memory.