Euclyd Raises $230M for AI Agent Chips

Dutch chipmaker Euclyd BV has secured over $230 million in Series A funding, led by Samsung Electronics, Somerset Capital Partners, and the Scaleup Europe Fund. Former ASML CEO Peter Wennink joined the board as part of the deal. Euclyd is developing an AI chip called craftwerk, designed specifically to run AI agents using a custom ASIC and innovative memory architecture. Targeting data center operators, the company plans to launch its silicon in 2028 and aims to license its technology to other chipmakers, with thousands of enterprise customers targeted by 2030.