Dutch startup Euclyd raises $231M with Samsung backing to challenge Nvidia in AI inference chips

Euclyd, a Dutch startup, raised $231 million in a Series A round (€200 million) with investors including Samsung, Somerset Capital Partners, Scaleup Europe Fund, and Innovation Industries. The company is developing an AI inference chip on a non-standard architecture, but first commercial shipments will not begin until 2028.

• Series A round was €200 million, total raised $231 million
• Samsung invested and will help with memory and supply chain
• First commercial Euclyd hardware will ship in 2028
• By 2030, company aims to serve thousands of enterprise clients