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Euclyd's €200M+ Series A funding validates its focus on ASICs optimized for AI agent inference rather than general-purpose training workloads. The company's strategy centers on processor-memory co-design to deliver exaflop-scale performance within the CWS system, addressing specific bottlenecks in running autonomous agents. This move highlights a growing industry shift toward specialized hardware architectures that integrate custom memory solutions alongside compute units.
Euclyd raises $230M+ to develop chips for AI agents
Dutch chipmaker Euclyd BV today announced that it has raised more than €200 million, or $230 million, from a group of prominent investors. Samsung Electronics Co., Somerset Capital Partners and the Scaleup Europe Fund led the Series A deal. They were joined by several other institutional backers, including imec.xpand, a fund associated with the Imec […] The post Euclyd raises $230M+ to develop chips for AI agents appeared first on SiliconANGLE.
Dutch chipmaker Euclyd BV today announced that it has raised more than €200 million, or $230 million, from a group of prominent investors. Samsung Electronics Co., Somerset Capital Partners and the Scaleup Europe Fund led the Series A deal. They were joined by several other institutional backers including imec.xpand, a fund associated with the Imec nanotechnology research center. Peter Wennink, the former Chief Executive Officer of ASML Holdings NV, joined Euclyd’s board as part of the raise.…
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