Samsung Leads $231 Million Series A for Dutch AI Chip Startup Euclyd

Dutch AI chip startup Euclyd has raised over $231 million in a Series A funding round led by Samsung, Somerset Capital Partners, EQT's Scaleup Europe Fund, and Innovation Industries. Founded in 2024 by Bernardo Kastrup and Atul Sinha, the Eindhoven-based company focuses on AI inference, aiming to reduce energy consumption and per-token costs through proprietary chip and memory architectures. Former ASML CEO Peter Wennink will serve as chairman of the board.