EUCLYD Raises €200 Million to Advance AI Infrastructure
EUCLYD, based at the High Tech Campus in Eindhoven, Netherlands, has successfully secured €200 million in a Series A funding round. The financing was co-led by Samsung and Somerset Capital Partners, with participation from the Scaleup Europe Fund managed by EQT, Innovation Industries, EIFO, imec.xpand, Brabant Development Agency, and Quadri. The investment is aimed at developing ultra-efficient semiconductor and data center infrastructure to support large-scale AI models.
Company Mission and Leadership
Founded by Bernardo Kastrup, who also serves as the CEO, EUCLYD is working towards a future where advanced AI is not limited by infrastructure costs, power availability, or geographic constraints. Former ASML President and CEO Peter Wennink has also joined EUCLYD as the Chairman of the Board, bringing valuable experience to the company's leadership.
Use of Funds
The newly acquired capital will be directed towards creating an integrated platform that encompasses specialized computing hardware, memory architecture, and data center systems. This platform aims to improve the economics of AI inference by addressing the increasing power, memory, and capital demands of running large AI models. EUCLYD's product roadmap includes the development of 'craftwerk', described as the first agentic AI silicon, and 'craftwerk station CWS', touted as the world's lowest-power exascale AI factory.
Strategic Importance
As AI models become more sophisticated and widespread, the infrastructure needed to support them becomes increasingly complex and costly. EUCLYD's focus on developing efficient AI infrastructure is positioned to address these challenges, potentially reducing both the financial and physical complexities associated with deploying AI at scale.