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Euclyd Raises $231M Series A With Samsung to Challenge Nvidia
Why did Euclyd raise $231 million?
Dutch AI inference chip startup Euclyd raised $231M in a Series A co-led by Samsung (005930.KS) and Somerset Capital on Monday, to challenge Nvidia's GPU dominance in AI inference.
Key numbers
| Series A round size | $231M€200M+ equivalent, 8 co-investors [1][3] |
|---|---|
| CRAFTWERK processors per chip | 16,384custom processors in memory-co-design architecture (per [3]) |
| CRAFTWERK Station | 32 chipsper rack system, 2028 commercial launch target (per [3]) |
| Claimed power efficiency vs Nvidia Vera Rubin | up to 100xper output token, internal modeling only (per [3]) |
| Nvidia data center revenue Q2 FY27 | $89.0B+117% YoY, +18% QoQ |
| Samsung market cap | ~$1.2T1,617T KRW (005930.KS) |
What happened
Dutch AI inference chip startup Euclyd raised $231M in a Series A co-led by Samsung (005930.KS) and Somerset Capital on Monday, to challenge Nvidia's GPU dominance in AI inference. The Eindhoven startup, founded in 2024, is building CRAFTWERK — 16,384 custom processors that sit directly alongside memory chips, removing the data-shuffling bottleneck that makes today's GPUs energy-hungry. A CRAFTWERK Station packs 32 of these chips and targets exascale-class AI computing, with commercial systems planned for 2028. Samsung contributes memory manufacturing expertise, engineering knowledge, and supply-chain reach beyond its capital. Euclyd claims up to 100x better energy efficiency per output token than Nvidia's Vera Rubin systems, based on internal modeling.
Why it matters
Euclyd represents the most heavily funded European challenge yet to Nvidia's grip on AI chip infrastructure. If its memory-native approach works at scale, it could give data centers a genuine alternative to GPUs — which today carry premium prices and consume enormous power. Samsung's backing matters because memory integration is Euclyd's central innovation; having one of the world's biggest memory makers as a partner strengthens the path from blueprint to a manufacturable chip.
Who this affects
- MarketbullishMedium impact
- AI chip investors gain a funded, credible Nvidia inference challenger.
- CompanybullishHigh impact
- Euclyd gains runway and Samsung as a key manufacturing partner.
- CompetitorsbearishLow impact
- Nvidia faces a funded memory-native inference architecture rival.
- IndustrybullishMedium impact
- AI data centers gain a potential non-GPU inference path.
Euclyd vs Nvidia, AMD, Intel
| EuclydPrivate | Series A / $231M raised | — | Pre-revenue | — |
|---|---|---|---|---|
| NvidiaNVDA:NASDAQ | $5.29T | +2.48% | $302.97B | 17.8x |
| AMDAMD:NASDAQ | $893B | +6.75% | $41.31B | 46.3x |
| IntelINTC:NASDAQ | $584B | +9.90% | $57.03B | 60.0x |
As of 2026-09-17
How we got here
Euclyd founded by Bernardo Kastrup and Atul Sinha at High Tech Campus Eindhoven.
€200M+ Series A announced, co-led by Samsung and Somerset Capital.
Peter Wennink, former ASML CEO, named Euclyd board chairman.
CRAFTWERK Station commercial chip system launch targeted.
What to watch
- CRAFTWERK chip tapeout milestone, confirming real silicon progress toward 2028.2027
- First enterprise customer pilots, validating demand beyond internal modeling.2027
- Samsung memory integration milestone, the linchpin of CRAFTWERK's efficiency claims.2027
Educational content only. Not investment advice.
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