Euclyd raises €200 million to build AI inference systems
Euclyd, a Dutch startup founded in 2024 by Bernardo Kastrup and Atul Sinha, raised more than €200 million in a Series A co-led by Samsung, Somerset Capital Partners, EQT-managed Scaleup Europe Fund, and Innovation Industries to build an AI inference system based on a chip-and-memory architecture alternative to GPUs. The company plans to sell rack systems and license intellectual property, expects physical chip rollouts in 2028, and hopes to serve thousands of enterprises by 2030. Samsung brings memory and systems expertise and Peter Wennink joined as chairman, but the systems remain unproven at commercial scale.
Euclyd raised €200 million to pursue an alternative AI inference architecture.
Context
Nvidia turned GPUs into the main chips for recent generative AI work. This pushed cloud and startups to seek alternatives because of rising energy and cost. Euclyd raised big funding and plans rollouts starting in 2028.
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