EUCLYD has raised more than €200 million in Series A financing to develop ultra-efficient semiconductor and data center infrastructure designed to reduce the power, memory and capital requirements of running large foundation AI models. The financing was co-led by Samsung, Somerset Capital Partners, the Scaleup Europe Fund managed by EQT and Innovation Industries.
EIFO, the Export and Investment Fund of Denmark, imec.xpand, Brabant Development Agency and Quadri also participated.
Former ASML President and CEO Peter Wennink has joined EUCLYD as Chairman of the Board.
The financing gives EUCLYD substantial capital to address one of the largest challenges facing the artificial intelligence industry: the rapidly increasing infrastructure required to run increasingly capable AI models.
As foundation models grow larger and more sophisticated, they require increasing amounts of computing power, memory bandwidth, electricity and data center capacity.
Those requirements can increase both the financial cost and physical complexity of deploying AI at scale.
EUCLYD is developing an integrated platform spanning specialized computing hardware, memory architecture and data center systems intended to improve the economics of AI inference.
The company describes its long-term objective as creating “Abundant Intelligence,” where access to advanced AI is less constrained by infrastructure cost, energy availability or geography.
EUCLYD was founded by Bernardo Kastrup and Atul Sinha and is headquartered at High Tech Campus Eindhoven in the Netherlands.
The company is building around Europe’s semiconductor engineering and advanced manufacturing ecosystem.
At the center of EUCLYD’s product roadmap is craftwerk, which the company describes as the world’s first agentic AI silicon.
EUCLYD is also developing craftwerk station CWS, which it describes as the world’s lowest-power exascale AI factory.
The broader platform combines programmable application-specific integrated circuit computing, processor-memory co-design and system-level optimization.
The goal is to address the memory and efficiency limitations that increasingly constrain AI performance and scalability.
AI inference has become an increasingly important part of infrastructure economics as models move from training into widespread production use.
Training a frontier AI model can require enormous amounts of computing power, but serving that model repeatedly to potentially millions of users creates a different infrastructure challenge.
Lowering the cost per token and the electricity consumed by AI inference could therefore have significant implications for enterprises, cloud providers and governments deploying AI at scale.
EUCLYD is positioning its technology around that opportunity.
Instead of focusing only on individual AI accelerators, the company is designing computing, memory and data center infrastructure together.
That system-level approach is intended to increase efficiency across the entire AI deployment stack.
The company plans to use the Series A financing to expand its engineering organization and accelerate development of its silicon and systems roadmap.
EUCLYD will also strengthen partnerships across the semiconductor and AI infrastructure ecosystem while preparing its technology for commercial deployment.
The company is targeting enterprise, sovereign AI and hyperscale customers.
The investor group brings significant semiconductor, technology and institutional capital experience to the company.
Samsung’s participation provides a strategic connection to one of the world’s largest semiconductor and electronics companies.
EQT’s Scaleup Europe Fund is targeting €5 billion and focuses on European technology companies across areas including deep technology, AI and life sciences.
Innovation Industries manages approximately €1 billion and specializes in European deep-tech companies.
imec.xpand focuses specifically on semiconductor startups that can leverage the expertise and infrastructure of semiconductor research organization imec.
The participation of Peter Wennink is also notable given his previous leadership of ASML, one of the most strategically important companies in the global semiconductor supply chain.
EUCLYD believes Europe’s existing expertise across semiconductor equipment, manufacturing and systems engineering provides a foundation from which it can build a globally competitive AI infrastructure company.
The more than €200 million Series A gives the company substantial resources to develop that strategy as power efficiency, memory bandwidth and infrastructure cost become increasingly important constraints on AI deployment.
KEY QUOTES:
“AI is becoming a foundation of economic growth, scientific discovery, and national competitiveness, but its potential will remain constrained unless we fundamentally change the infrastructure beneath it. This financing accelerates our mission to make intelligence abundant through greater efficiency, lower cost per token, and broader access to advanced AI.”
Bernardo Kastrup, Founder and CEO of EUCLYD
“The next phase of AI will be defined not only by model innovation, but also by the efficiency and scalability of its infrastructure. EUCLYD combines an accomplished team with a differentiated vision addressing constraints in AI datacenters.”
Dede Goldschmidt, Senior Vice President of Samsung Electronics and Head of the Samsung Semiconductor Innovation Center
“Europe has the engineering talent to produce globally significant technology companies. EUCLYD combines deep semiconductor expertise with a mission to tackle some of the hardest constraints in AI infrastructure.”
Ted Persson, Partner at EQT and Co-Head of the Scaleup Europe Fund
“Europe possesses world-class capabilities across semiconductors, advanced manufacturing, and systems engineering. EUCLYD can transform those strengths into a globally competitive AI infrastructure platform.”
Peter Wennink, Chairman of EUCLYD and Former President and CEO of ASML
