GoKawiilSamsung joins $231M funding round for Nvidia rival Euclyd
Dutch startup Euclyd raised a 200-million-euro ($231 million) Series A round, with Samsung, Somerset Capital Partners, EQT's Scaleup Europe Fund and Innovation Industries co-leading the investment. Founded in 2024, Euclyd is building an AI chip system with a different architecture from Nvidia's GPUs, aimed specifically at inference workloads, covering both processor and memory design.
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Nvidia's dominance in AI chips has pushed hyperscalers and startups alike to seek alternatives, and this funding signals growing investor confidence that non-GPU architectures could compete for inference-specific workloads. Samsung's participation also suggests major hardware players see strategic value in diversifying the AI chip supply chain beyond Nvidia's near-monopoly.
- Euclyd raised 200 million euros ($231 million) in a Series A round backed by Samsung and several investment firms.
- The startup is developing inference-focused AI chips with architecture distinct from Nvidia's GPUs.
- The deal reflects a broader industry trend of companies like OpenAI, Google, AWS and Meta pursuing custom AI chip designs to reduce reliance on Nvidia.
Source: cnbc.com — Kai Nicol-Schwarz, 2026-09-14
Published there as: “Samsung backs Nvidia AI chip rival in $230 million funding round as GPU alternatives boom”
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