EUCLYD has raised more than €200 million in a Series A financing round to develop energy-efficient infrastructure for foundation-model deployment. The company announced the financing on September 15, 2026.
The round was co-led by Samsung, Somerset Capital Partners, the Scaleup Europe Fund managed by EQT, and Innovation Industries. Other participants included EIFO, the Export and Investment Fund of Denmark, imec.xpand, the Brabant Development Agency and Quadri.
EUCLYD is developing a platform that combines programmable silicon, processor-memory co-design and data-center systems. Its stated goal is to reduce the power, cost and infrastructure requirements associated with AI inference and other large-scale workloads.
The company said the funding will expand its engineering organization, accelerate its silicon and systems roadmap, deepen ecosystem partnerships and prepare for commercial deployment. Its roadmap includes Craftwerk, which it describes as agentic AI silicon, and Craftwerk Station, a system designed for high-performance AI computing with lower power consumption.
Peter Wennink, the former president and CEO of ASML, will join EUCLYD as chairman. The financing is one of the largest disclosed European startup rounds during the period and highlights investor interest in alternatives to conventional GPU-centered AI infrastructure.
