Euclyd Secures $231 Million Series A Funding with Samsung as Backer
Dutch semiconductor startup Euclyd has raised $231 million in a Series A funding round led by Samsung and other major investors. The company, founded in 2024 at High Tech Campus Eindhoven, is developing chip systems aimed at reducing energy consumption and costs for AI inference workloads. Unlike training chips, these focus on the stage where trained models respond to queries. Euclyd plans two business lines: selling rack-based hardware directly to enterprises and licensing its technology to other chip developers. Samsung's involvement brings not only capital but also engineering expertise and supply chain knowledge. The company intends to use the funding for team expansion, silicon development, and ecosystem partnerships. Euclyd expects to launch physical chips in 2028. The investment reflects growing competition against Nvidia’s dominance in AI inference hardware. With a current market share of around 65%, Nvidia faces increasing pressure from custom solutions developed by hyperscalers and startups like Euclyd.
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Topics: AI hardware semiconductors startup funding