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Euclyd, a European semiconductor systems company based in Eindhoven, Netherlands, announced on September 15, 2026, that it has signed a Series A financing round of more than €200 million. The round is co-led by Samsung, Somerset Capital Partners, the Scaleup Europe Fund (managed by EQT), and Innovation Industries, with participation from EIFO, imec.xpand, Brabant Development Agency (BOM), and Quadri. Peter Wennink, former President and CEO of ASML, has joined Euclyd as Chairman of the Board. The company stated that the financing will accelerate the development of its platform, which includes 'craftwerk' (described as agentic AI silicon) and 'craftwerk station CWS' (described as a low-power exascale AI factory), aimed at reducing the cost and energy consumption of AI .
Euclyd announced on September 15, 2026, that it has secured a Series A financing round of more than €200 million. The company, headquartered in Eindhoven, Netherlands, stated that the funding will accelerate the development of ultra-efficient infrastructure for foundation AI models. The round was co-led by Samsung, Somerset Capital Partners, the Scaleup Europe Fund managed by EQT, and Innovation Industries.
Participating investors in the round include EIFO, the Export and Investment Fund of Denmark, imec.xpand, the Brabant Development Agency (BOM), and Quadri. In a significant leadership addition, Peter Wennink, the former President and CEO of ASML, has joined Euclyd as Chairman of the Board. The company emphasized that the financing will expand its engineering organization and accelerate its silicon and systems roadmap.
Euclyd's platform is designed to address the 'efficiency wall' in AI deployment, which involves increasing power, memory bandwidth, and capital requirements as models grow more capable. The company's roadmap centers on two key products: 'craftwerk,' described as the world's first agentic AI silicon, and 'craftwerk station CWS,' described as the world's lowest-power exascale AI factory. These systems combine programmable ASIC , processor-memory co-design, and system-level optimization to improve AI economics.
The company stated that the funding will also strengthen ecosystem partnerships and prepare Euclyd for commercial deployment across enterprise, sovereign, and hyperscale AI markets. Euclyd was founded by Bernardo Kastrup and Atul Sinha at High Tech Campus Eindhoven and draws on the local semiconductor ecosystem and European engineering heritage to pursue its vision of 'Abundant Intelligence,' where advanced AI is not constrained by infrastructure cost or power availability.
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This funding round represents a significant capital injection into the European AI infrastructure sector, specifically targeting the efficiency bottlenecks in AI . By securing over €200 million with the backing of major players like Samsung and EQT, Euclyd gains the resources to scale its semiconductor and systems engineering efforts. This move is critical for the broader AI industry as it addresses the rising power and memory bandwidth costs associated with deploying large foundation models. The involvement of Peter Wennink, a prominent figure in the semiconductor industry, adds credibility and strategic depth to Euclyd's mission to create a more sustainable and cost-effective AI infrastructure ecosystem in Europe.
The €200 million raise is a substantial investment in European AI infrastructure, signaling strong investor confidence in the need for more efficient AI hardware. As foundation models become more complex, the cost and energy consumption of running them have become major barriers to widespread adoption. Euclyd's focus on reducing these costs through specialized silicon and system design addresses a critical pain point in the AI industry.
The involvement of Samsung, a global leader in semiconductors, as a co-lead investor provides Euclyd with significant technical and strategic support. Samsung's expertise in memory and chip manufacturing could be crucial for Euclyd's processor-memory co-design approach. Additionally, the participation of EQT's Scaleup Europe Fund highlights the growing interest in European deep-tech companies that have the potential to become global leaders.
The appointment of Peter Wennink as Chairman of the Board is a notable development. Wennink's extensive experience in the semiconductor industry, particularly his leadership of ASML, brings valuable insights and credibility to Euclyd. His presence on the board may help the company navigate the complex challenges of scaling semiconductor production and building a competitive AI infrastructure platform.
This funding round also underscores the importance of AI infrastructure in national competitiveness and economic growth. By developing a platform that reduces the cost and energy use of AI , Euclyd aims to make advanced AI more accessible and sustainable. This aligns with broader efforts in Europe to build a robust AI ecosystem and reduce dependence on external technology providers.
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Investors and industry observers should monitor Euclyd's progress in transitioning from its engineering phase to commercial deployment. Key milestones will include the release of its 'craftwerk' silicon and 'craftwerk station CWS' systems, as well as the formation of partnerships with enterprise, sovereign, and hyperscale AI markets. Additionally, the integration of Samsung's semiconductor expertise and the strategic direction provided by the new board chair will be important indicators of the company's ability to execute its roadmap and compete in the global AI infrastructure market.
The next major milestone for Euclyd will be the commercial deployment of its 'craftwerk' and 'craftwerk station CWS' systems. Investors and customers will be watching for announcements of partnerships with enterprise, sovereign, and hyperscale AI providers. The company's ability to secure these partnerships will be a key indicator of its commercial viability and market acceptance.
The integration of Samsung's semiconductor technology and expertise into Euclyd's platform will be closely monitored. The success of this collaboration will depend on the company's ability to leverage Samsung's strengths in memory and chip manufacturing to enhance its own silicon and system designs. Any announcements regarding joint development or technology licensing will be significant.
The strategic direction provided by the new board chair, Peter Wennink, will also be an important factor to watch. His experience in leading a major semiconductor company may influence Euclyd's approach to scaling production, managing supply chain risks, and building a competitive business model. Stakeholders will be looking for signs of improved operational efficiency and strategic clarity.
Finally, the broader impact of Euclyd's work on the European AI ecosystem will be a key area of interest. The company's success could help to establish Europe as a major player in AI infrastructure, reducing the region's reliance on non-European technology providers. This could have significant implications for data sovereignty, national security, and economic competitiveness.