Euclyd, an Eindhoven startup founded by a former ASML director, is seeking between €100 million and €200 million to build a purpose-built AI inference chip it claims is 100 times more power-efficient than Nvidia’s latest hardware.
Its advisory and investor board includes Peter Wennink, who led ASML for over a decade, and Federico Faggin, the physicist who designed the Intel 4004, the world’s first commercial microprocessor, in 1971.
The raise would rank among the largest early-stage rounds for a European AI chip company, arriving as the continent races to build homegrown alternatives to Nvidia’s dominance in AI infrastructure.
The man who designed the world’s first commercial microprocessor is backing a startup working out of Eindhoven. So is the former CEO who turned ASML into Europe’s most valuable technology company. That combination of institutional weight and semiconductor pedigree is one reason Euclyd, a Dutch AI chip startup founded less than two years ago, is already in serious funding conversations.
According to Bloomberg, it is seeking up to €200 million in a Series A round. The founder, Bernardo Kastrup, told CNBC in April that the figure he is targeting is at least €100 million.
