EUCLYD raises more than €200M Series A for efficient AI inference chips

Eindhoven-based EUCLYD said it closed a Series A of more than €200 million (~$230 million) to build ultra-efficient AI inference infrastructure — co-led by Samsung, Somerset Capital Partners, EQT’s Scaleup Europe Fund, and Innovation Industries, with participation from EIFO, imec.xpand, BOM, and Quadri. Former ASML CEO Peter Wennink joins as board chair. The company is developing craftwerk “agentic AI silicon” and craftwerk station / CWS systems aimed at cutting power and cost per token for foundation-model inference.

A Dutch chip startup took more than €200 million, with Samsung on the cap table and ASML’s former CEO as chair, to build inference silicon and racks aimed at cutting power and cost per token. That is same-day primary capital into the efficiency wall under foundation models — not another market echo of the pacing cluster.

EUCLYD, a Dutch AI-infrastructure chipmaker at High Tech Campus Eindhoven, announced via PR Newswire UK on 15 Sep 2026 at 04:00 GMT that it signed a Series A of more than €200 million. CNBC’s Kai Nicol-Schwarz, in a 14 Sep 2026 exclusive published 7:30 PM EDT, frames the same round as about $230 million in the headline and $231 million in the body. That company release, the same announce on euclyd.ai, and the CNBC exclusive are the filing event. The euro figure is the company’s. The dollar frame is CNBC’s. This desk did not see the term sheet, and it is not inventing a valuation.

Co-leads, the company said: Samsung; Somerset Capital Partners; the Scaleup Europe Fund, managed by EQT; and Innovation Industries. Participants, the company said: EIFO — Denmark’s Export and Investment Fund; imec.xpand; the Brabant Development Agency, or BOM; and Quadri. File those names as EUCLYD’s. This desk is not inventing a full cap table or check sizes.

Peter Wennink, former President and CEO of ASML, joins as Chairman of the Board, the company said. ASML is the Dutch firm that makes the machines that print the finest chip circuits. File the chair seat as EUCLYD’s. This desk is not inventing a start date or an equity grant.

The company says it was founded by Bernardo Kastrup, Founder and CEO, and Atul Sinha, at High Tech Campus Eindhoven in the Netherlands. CNBC says the startup was founded in 2024. File the founder names and Eindhoven headquarters as the company’s. File the 2024 year as CNBC’s.

The product roadmap, as the company describes it: craftwerk — which EUCLYD calls the world’s first agentic AI silicon — and craftwerk station CWS, also called CWS 32 on the company site, which it calls the world’s lowest-power exascale AI factory. The platform, the company said, spans programmable ASIC compute, processor-memory co-design, and datacenter systems meant to change inference economics. Inference means using a trained AI model, not teaching it. An ASIC is a chip built for one job, not a general-purpose processor. Exascale means extremely large compute scale. A token is a chunk of text or data a model processes. GPU alternatives are chips trying to do AI work without Nvidia’s dominant graphics processors. File those product names and the “world’s first” / “lowest-power” lines as company claims. This desk did not bench a rack.

Kastrup, quoted on the company release: “AI is becoming a foundation of economic growth, scientific discovery, and national competitiveness, but its potential will remain constrained unless we fundamentally change the infrastructure beneath it.” And: “This financing accelerates our mission to make intelligence abundant through greater efficiency, lower cost per token, and broader access to advanced AI.” Dede Goldschmidt, Senior Vice President of Samsung Electronics and head of the Samsung Semiconductor Innovation Center, said on the same release that the next phase of AI will be defined “not only by model innovation, but also by the efficiency and scalability of its infrastructure,” and that EUCLYD has “a differentiated vision addressing constraints in AI datacenters.” Ted Persson, partner at EQT and co-head of the Scaleup Europe Fund, said Europe has the engineering talent to produce globally significant technology companies, and that EUCLYD mixes “deep semiconductor expertise” with a mission to tackle hard AI-infrastructure constraints. File the quotes as theirs, via the company PR. They are fundraising talk, not a production benchmark.

CNBC’s exclusive interview with Kastrup says EUCLYD’s systems have yet to be proven at commercial scale. The company is targeting two revenue paths, CNBC reports: selling hardware and physical rack systems to enterprises that want self-hosted inference, and licensing its intellectual property to firms that want to design their own chips. Kastrup told CNBC the company aims to begin rolling out physical chip systems in 2028, with thousands of enterprise customers by 2030. File those timelines and the two-path plan as CNBC / the CEO — forward-looking company goals, not facts this desk can count. Do not upgrade them to a ship date this desk verified.

Kastrup told CNBC that Samsung helps “in more ways than money” — memory manufacturing, engineering, systems know-how, supply chain, and network. File that as his, via CNBC. This desk is not inventing a foundry contract or a memory-supply deal.

The financing, the company said, will expand the engineering organization, accelerate the silicon and systems roadmap, strengthen ecosystem partnerships, and prepare for commercial deployment across enterprise, sovereign, and hyperscale AI markets. File that spend plan as EUCLYD’s. This desk did not see a budget.

CNBC frames EUCLYD as an Nvidia AI-chip rival and as part of a boom in GPU alternatives. File that as CNBC’s frame — an ambition, not a claim that EUCLYD already beats Nvidia or ships volume silicon. This desk has no bake-off.

PRIMARY here: EUCLYD’s 15 Sep 2026 PR Newswire UK release at 04:00 GMT — Tier A company source, not a second-hand wire — plus the same announce on euclyd.ai. INDEPENDENT: CNBC’s 14 Sep 2026 exclusive by Kai Nicol-Schwarz (7:30 PM EDT) with CEO Bernardo Kastrup. The more-than-€200 million Series A, the Samsung / Somerset / EQT Scaleup Europe Fund / Innovation Industries co-leads, the EIFO / imec.xpand / BOM / Quadri participants, Wennink as chair, the Kastrup and Sinha founding, the Eindhoven HQ, and the craftwerk / CWS roadmap are company-attributed. The about-$230–$231 million USD frame, the 2024 founding year, the not-yet-proven-at-commercial-scale line, the hardware-plus-IP plan, the 2028 rollout / 2030 customer goal, and the Samsung-more-than-money quote are CNBC-attributed. NOT claimed: a valuation, a full cap table beyond the named leads and participants, production benchmarks, that EUCLYD already ships volume silicon, that it beats Nvidia, independently verified customer contracts, that this desk tested a chip, a stock tip, or investment advice. Distinct from the already-filed cornelis-205m-active-compute-fabric, cognichip-aci-enterprise-chip-design, and hanwha-plus-korea-hbm-ai-etfs.