Samsung has backed Dutch semiconductor startup Euclyd in a funding round of more than €200 million, giving the two-year-old company fresh capital to develop AI chips and computing systems designed as an alternative to the graphics processors that currently dominate artificial intelligence infrastructure.
The Series A round was co-led by Samsung, Somerset Capital Partners, the EQT-managed Scaleup Europe Fund and Innovation Industries, Euclyd said. Denmark's Export and Investment Fund, imec.xpand, Brabant Development Agency and Quadri also participated. CNBC valued the round at about $231 million.
