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Samsung 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.