Eindhoven-based AI chip company Euclyd has raised more than €200 million in its first major funding round. The company, founded in 2024 at the High Tech Campus Eindhoven, also announced that former ASML chief executive Peter Wennink will become chair of its supervisory board.
Among the investors are South Korean technology and chip company Samsung, Dutch investor Somerset Capital Partners, and investment funds from the European Union and Denmark. In April, founder and chief executive Bernardo Kastrup said Euclyd planned to raise €100 million in a new funding round. The company now intends to use the new capital to increase production of AI-focused chips.
Euclyd develops chips used during the inference stage of artificial intelligence, when trained AI models make predictions or decisions based on incoming data. As AI models become more powerful, they require more energy, memory bandwidth and investment. The supporting infrastructure is also becoming increasingly complex.
The company said it is developing a platform that combines custom-built processors, memory architecture and data centre systems. The goal is to reduce the cost, energy consumption and physical footprint of AI infrastructure.
According to Wennink, Euclyd is building on Europe’s strengths in semiconductors, advanced manufacturing and systems engineering to create a globally competitive AI infrastructure platform.
@anp | NEWS BRAINPORT
