Samsung backs Euclyd’s €200M+ round to challenge Nvidia in AI chips
AI-summarised brief · reviewed before publication
Samsung has led a €200 million‑plus Series A round for Euclyd, a Dutch chip startup founded in 2024 by former ASML strategist Bernardo Kastrup and co‑founders. The financing, co‑led by Somerset Capital Partners, EQT’s Scaleup Europe Fund and Innovation Industries, also includes EIF O, imec.xpand, the Brabant Development Agency and Quadri. Euclyd aims to replace GPUs for AI inference with its CRAFTWERK processor, which integrates 16,384 custom cores that compute directly on data stored in memory. A rack‑scale version, CRAFTWERK Station, will combine 32 chips and target one exaflop of performance by 2028, claiming up to 100‑times the power efficiency of Nvidia’s Vera Rubin chips. The funds will expand engineering, accelerate silicon development and position the company for enterprise, sovereign and hyperscale customers.
💡 Why It Matters
- · By tackling the inference bottleneck with on‑memory processing, Euclyd could slash AI compute costs and make large‑scale models viable for a broader set of users.