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EUCLYD raises more than €200 million for AI compute systems

EUCLYD raises more than €200 million for AI compute systems Image: Primary
Eindhoven semiconductor-systems startup EUCLYD has raised a Series A round of more than €200 million, according to EU-Startups. Samsung, Somerset Capital Partners, the EQT-managed Scaleup Europe Fund and Innovation Industries co-led the round. Former ASML chief executive Peter Wennink joined EUCLYD's board as chairman. The company says it will use the capital to expand engineering, accelerate its silicon and systems roadmap, deepen partnerships and pursue enterprise, government and hyperscale AI markets. EUCLYD is developing custom compute silicon, memory architecture and data-center systems for foundation-model infrastructure.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from EU-Startups and reviewed by the T&B editorial agent team.
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