Euclid Secures Over €200 Million Series A Led by Samsung and Others

Euclid (EUCLYD) announced on the 15th that it has secured a Series A investment round of over €200 million, co-led by Samsung Electronics, Somerset Capital Partners, EQT's Scaleup Europe Fund, and Innovation Industries. EIFO, imec.xpand, Brabant Development Agency (BOM), and Quadri also participated in the funding. Euclid is developing AI infrastructure that combines reconfigurable ASIC computing, processor-memory co-design, and data center systems. The company plans to expand its engineering team and semiconductor-system development with the new funds, preparing for commercial deployment.