Dutch chipmaker Euclyd has taken its turn to cash in on demand for alternative chips built to run agentic AI, raising €200 million ($230 million) for a Series A co-led by Samsung Electronics.
Somerset Capital Partners, the EU-backed Scaleup Europe Fund, and Innovation Industries also co-led the round, backing Euclyd’s ability to capture demand for agent-ready hardware with its craftwerk platform.
Euclyd CEO Bernardo Kastrup said the funding “accelerates our mission to make intelligence abundant through greater efficiency, [and] lower cost per token”. It will finance an expansion of the company’s engineering organisation and preparations for commercial deployment of its chips.
Euclyd first revealed its craftwerk chip and station CWS 32 server in late 2025, claiming the latter’s compute performance could reach up to 8 petaflops in FP16 and 32 petaflops in FP4 and deliver an 8,000TB/s bandwidth, above the speeds advertised for Nvidia’s best hardware, though craftwerk is yet to start shipping.
