Samsung Invests $230 Million in Dutch AI Chip Startup Euclyd
Dutch startup Euclyd, which is developing an alternative to Nvidia's GPUs for AI inference, has secured a $230 million funding round. The investment was co-led by Samsung and other major firms including Somerset Capital Partners, the Scaleup Europe Fund managed by EQT, and Innovation Industries. Founded in 2024, Euclyd is designing an AI chip system with unique architecture for inference tasks. Nvidia has dominated the high-end GPU market used for training and deploying AI models but faces growing competition as tech giants like Google, AWS, Meta, and OpenAI develop their own chips. Euclyd aims to reduce energy consumption and costs in data centers by offering a new silicon system tailored for foundational AI models. The company plans to generate revenue through hardware sales and licensing its IP technology. Samsung's involvement is expected to provide significant support beyond funding due to the South Korean firm’s expertise in memory manufacturing, engineering, and supply chain management.
Topics: Artificial Intelligence Funding Rounds Semiconductors Startups