Dutch AI chip startup Euclyd raised more than €200 million, or roughly $230 million, in a Series A co-led by Samsung Electronics, Somerset Capital Partners and the Scaleup Europe Fund. Founded in 2024 at High Tech Campus Eindhoven, the company is developing custom silicon for AI inference, where trained models process live requests. Its craftwerk platform is designed to reduce energy use, cost per token and data-center footprint relative to GPU-centered systems. Euclyd says its design can deliver about 100 times greater power efficiency and lower costs than existing solutions. The platform includes a system-in-package with 16,384 processors using 128-way SIMD architecture and 1 TB of ultra-bandwidth memory. Peter Wennink, former ASML President and CEO, is chairman, while CEO Bernardo Kastrup has cited Samsung's partnership as support for engineering and supply-chain capabilities. Euclyd plans initial chip-system deployments in 2028, aims for thousands of enterprise clients by 2030, and intends to generate revenue from hardware sales and intellectual-property licensing.