EUCLYD Raises Over €200 Million to Break the AI Efficiency Wall
The funding will support ultra-efficient infrastructure for foundation AI models and aims to cut cost, energy use and memory bottlenecks, the company said.
- EUCLYD secured new capital to develop ultra-efficient infrastructure for AI models, with the Eindhoven-based company aiming to break the efficiency wall limiting current scalability.
- As foundation models expand, they require increasing power, memory bandwidth, and capital; the firm is developing a platform spanning ASIC compute and datacenter systems to resolve infrastructure constraints.
- At the center of EUCLYD's roadmap is CWS, the world's lowest-power exascale AI factory designed to reduce cost, energy use, and physical footprint for AI models.
- Dede Goldschmidt, Senior Vice President of Samsung Electronics and Head of the Samsung Semiconductor Innovation Center, said the financing "accelerates our mission to make intelligence abundant through greater efficiency, lower cost per token, and broader access to advanced AI." The Scaleup Europe Fund and EQT backed the round.
- Bernardo Kastrup, Founder and Chief Executive Officer of EUCLYD, said "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." The firm's long-term vision is Abundant Intelligence, where advanced AI faces no power or geographic limits.
32 Articles
32 Articles
Eindhoven-based AI chip company Euclyd has raised over 200 million euros from investors in the startup's first major financing round. The company, which was founded in 2024 at the High Tech Campus Eindhoven, also announced that former top executive Peter Wennink of chip machine manufacturer ASML will become chairman of the supervisory board.
Reformatorisch Dagblad
Eindhoven-based AI chip company Euclyd has raised over 200 million euros from investors in the startup's first major financing round. The company, which was founded in 2024 at the High Tech Campus Eindhoven, also announced that former top executive Peter Wennink of chip machine manufacturer ASML will become chairman of the supervisory board.
The Eindhoven-based AI company Euclyd has raised over 200 million euros from investors. With this money, the start-up aims to develop chips and computer systems that make artificial intelligence more efficient and cheaper. It is the second time in a short period that an Eindhoven chip company has raised a large sum of money. Previously, investors put 250 million euros into Axelera AI. The funding comes from, among others, Samsung, various major…
Coverage Details
Bias Distribution
- 65% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
