EUCLYD Secures Over €200M Series A to Build AI Infrastructure

Eindhoven-based EUCLYD has raised more than €200 million in Series A funding to develop ultra-efficient infrastructure for foundation AI models, appointing former ASML CEO Peter Wennink as board chairman.

Justin Tomlinson

Editor-in-Chief, Mora Discover

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EUCLYD Secures Over €200M Series A to Build AI Infrastructure

Eindhoven-based tech company EUCLYD announced it has signed a Series A financing round exceeding €200 million. The fresh capital is intended to accelerate the development of ultra-efficient infrastructure designed specifically for foundation artificial intelligence models as the industry works to break through critical efficiency barriers.[1][2]

The financing round was co-led by Samsung, Somerset Capital Partners, Innovation Industries, and the Scaleup Europe Fund, which is managed by EQT. Additional investment came from a syndicate that includes the Export and Investment Fund of Denmark (EIFO), imec.xpand, Brabant Development Agency (BOM), and Quadri.[2]

Alongside the capital raise, EUCLYD announced that Peter Wennink, former president and chief executive officer of ASML, has joined the company as chairman of the board. The company was founded and is led by Chief Executive Officer Bernardo Kastrup.[1][2]

EUCLYD is targeting structural bottlenecks facing modern computing systems. As foundation AI models continue to grow more capable, deploying them demands substantially more electrical power, memory bandwidth, and financial capital while introducing steep infrastructure complexity.[1][2]

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