Samsung Backs Euclyd in $230M AI Chip Round

CNBC (Kai Nicol-Schwarz, 14 September 2026) reports that Dutch startup Euclyd raised a Series A of about EUR 200 million, which CNBC puts at about $230 million. One line in the same piece says $231 million. CEO Bernardo Kastrup spoke to CNBC exclusively.

This is a private Series A funding announcement. It is not a public-market listing.

Samsung co-led the round with Somerset Capital Partners, the EQT-managed Scaleup Europe Fund, and Innovation Industries. Euclyd, founded in 2024, is building AI inference silicon and systems on a non-GPU architecture. Kastrup said Samsung can help with memory, engineering, and supply chain, not only capital. The company names its products craftwerk and craftwerk station CWS.

EU-Startups (Rahul Raj, 15 September 2026) adds that Peter Wennink, former president and CEO of ASML, joins as chairman. That outlet also names EIFO, imec.xpand, the Brabant Development Agency (BOM), and Quadri among additional backers, and says the company was founded by Kastrup and Atul Sinha at High Tech Campus Eindhoven.

CNBC is clear that Euclyd's systems have not been proven at commercial scale. Nvidia-rival language is the pitch, not a shipping bake-off.

The company told CNBC it wants to start rolling out physical chip systems in 2028, with thousands of enterprise customers by 2030. Euro and dollar prints also differ across outlets. CNBC uses about $230 million on a EUR 200 million round, then $231 million once, while EU-Startups says more than EUR 200 million.

Related AI-capital tape includes Nvidia's reported $12.9 billion Hugging Face talks and SoftBank's $11.9 billion loan for OpenAI funding.

Treat Euclyd as a pre-revenue, pre-scale silicon bet. Watch for Samsung supply or partner follow-through before pricing any GPU-alternative exposure off this raise.