EUCLYD Raises Over €200 Million to Break the AI Efficiency Wall
EUCLYD, a European semiconductor systems company developing ultra-efficient infrastructure for foundation AI models, led by Bernardo Kastrup and Atul Sinha, has signed a Series A financing round of more than €200 million, co-led by Samsung, Somerset Capital Partners, Scaleup Europe Fund, which is managed by EQT, and Innovation Industries, with participation from EIFO, the Export and Investment Fund of Denmark, imec.xpand, Brabant Development Agency (BOM), and Quadri. Peter Wennink, former President & CEO of ASML, joins Euclyd as Chairman of the Board.
As AI models become more capable, rising compute, memory, power, and infrastructure costs are creating a growing efficiency challenge. EUCLYD is developing an integrated platform across compute, memory, and data center systems to improve the economics of AI inference.
Founded by Bernardo Kastrup and Atul Sinha at High Tech Campus Eindhoven, EUCLYD’s vision is Abundant Intelligence, making advanced AI less constrained by cost, power, and geography.
Its roadmap includes craftwerk, an agentic AI silicon platform, and craftwerk station CWS, a low-power exascale AI system combining ASIC compute, processor-memory co-design, and system-level optimization.
“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,” said Bernardo Kastrup, Founder and Chief Executive Officer of EUCLYD. “This financing accelerates our mission to make intelligence abundant through greater efficiency, lower cost per token, and broader access to advanced AI.”
“The next phase of AI will be defined not only by model innovation, but also by the efficiency and scalability of its infrastructure,” said Dede Goldschmidt, Senior Vice President of Samsung Electronics and Head of the Samsung Semiconductor Innovation Center. “EUCLYD combines an accomplished team with a differentiated vision addressing constraints in AI datacenters.”
“Europe has the engineering talent to produce globally significant technology companies,” said Ted Persson, Partner at EQT and Co-Head of the Scaleup Europe Fund. “EUCLYD combines deep semiconductor expertise with a mission to tackle some of the hardest constraints in AI infrastructure. That mix of European engineering depth and global ambition is what we’re here to back.”
“Europe possesses world-class capabilities across semiconductors, advanced manufacturing, and systems engineering,” said Peter Wennink, Chairman of the Board of EUCLYD and former President and Chief Executive Officer of ASML. “EUCLYD can transform those strengths into a globally competitive AI infrastructure platform.”
The financing will expand EUCLYD’s engineering team, accelerate its silicon and systems roadmap, strengthen ecosystem partnerships, and prepare the company for commercial deployment across enterprise, sovereign, and hyperscale AI markets.
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