Overview
- EUCLYD said it closed a Series A of more than €200 million co‑led by Samsung, Somerset Capital Partners, Scaleup Europe Fund (EQT) and Innovation Industries in announcements published Sept. 14–15.
- The company named former ASML chief Peter Wennink as chairman and said the new capital will expand engineering, accelerate silicon and systems work, and deepen supply‑chain and partner ties.
- EUCLYD describes CRAFTWERK as a chip with 16,384 custom processors and says a rack‑scale CRAFTWERK Station will combine 32 chips to target about one exaflop of inference compute by 2028, which the company frames as a commercialization goal.
- EUCLYD projects large gains in power efficiency versus Nvidia’s latest inference chips but those figures are company projections that have not been validated in real‑world, commercial deployments.
- The raise fits a broader industry push by hyperscalers and startups to build non‑GPU AI accelerators to cut inference cost and energy use, and the success or delay of EUCLYD’s roadmap will affect enterprise hosting costs, Europe’s chip ambitions, and hyperscalers’ supplier choices.