Euclyd, a Dutch chip company, has raised over EUR 200 million in a Series A funding round. This substantial amount was led by Samsung and the Scaleup Europe Fund.
The investment is aimed at advancing Euclyd's development of energy-efficient AI chips for inference, receiving backing from significant players like Samsung and the Danish EIFO, reflecting strong interest in semiconductor technology.
The funding will empower Euclyd to progress in the semiconductor market, establishing itself at the forefront of the evolving AI chip industry in Europe.