Samsung backs Dutch chipmaker Euclyd to challenge Nvidia with hardware arriving in 2028
Samsung has invested in Dutch startup Euclyd, which plans to launch its first commercial AI inference chips for customers in 2028.
Funding round details and investors
Euclyd closed a Series A funding round totaling $231 million. Several firms besides Samsung joined the investment group to support the company. Somerset Capital Partners co-led this financial round alongside other venture funds.
Business model and product strategy
The startup intends to sell complete AI systems directly to enterprises for on-site inference. It also plans to license intellectual property to firms wishing to build their own chips. This approach supports two separate lines of business going forward.
Timeline for commercial hardware delivery
CEO Bernardo Kastrup stated that physical hardware will not reach customers until 2028. The company aims to dethrone Nvidia's dominance in artificial intelligence hardware during this period. Delivery of the first commercial chip remains scheduled for that year.
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