Eindhoven-based Euclyd targets €100 million funding round for AI chip expansion

Euclyd, a Dutch semiconductor company based in Eindhoven, is seeking to raise €100 million in fresh investment to expand production of chips designed for artificial intelligence (AI). Founder Bernardo Kastrup told CNBC that the funding would support the company’s efforts to scale up manufacturing capacity.

Euclyd develops chips designed for inference, the stage in which trained AI models generate predictions or make decisions based on new data. The company claims its chips are up to 100 times more efficient for this use case than Nvidia’s Vera Rubin chips, although this performance has not yet been demonstrated at scale in real-world customer deployments.

Euclyd’s CRAFTWERK architecture is designed as an alternative to traditional GPU-based AI computing, focusing on reducing energy consumption by minimising data movement between memory and compute units. The system uses a highly parallel, tightly integrated design intended to improve efficiency in AI inference workloads, although performance claims have not yet been independently validated at scale.

According to U.S. media, Euclyd has already secured nearly €10 million in earlier funding. The company is also in discussions with four prospective clients, with initial deliveries potentially expected next year or in the following year.

In recent interviews, Bernardo Kastrup has argued that AI sovereignty cannot be achieved without control over hardware infrastructure, positioning Euclyd as part of Europe’s broader push to reduce dependence on US and Asian semiconductor technologies, including dominant players such as Nvidia.

European AI chip startups have attracted several hundred million dollars in funding so far in 2026, while US-based peers continue to secure multi-billion-dollar rounds across the same segment.

The startup is backed by a network of investors and advisors, including Peter Wennink, former CEO of ASML, Federico Faggin, inventor of the Intel 4004 microprocessor, and Steven Schuurman, founder of Elastic. Euclyd is working with Samsung’s semiconductor ecosystem partners to produce initial test chips.