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Key takeaways

• Euclyd closed a €200 million Series A round, described as about $231 million.

• Samsung is among the investors, alongside Somerset Capital Partners, the Scaleup Europe Fund, and Innovation Industries.

• The startup is building an AI-inference system with a different architecture from conventional graphics processors.

• Euclyd plans two business lines: hardware and rack systems, plus IP licensing.

• The company does not expect its first commercial hardware until 2028.

Samsung backs Euclyd in a large Series A round

TechRadar reported on September 18, 2026, that Netherlands-based chip startup Euclyd closed a €200 million Series A round. The report described that amount as about $231 million. Samsung was among the investors in the round.

Somerset Capital Partners, the Scaleup Europe Fund, and Innovation Industries co-led the financing. The source presents the deal as a major step for a startup founded in 2024. It also frames the company as part of a wider effort to reduce dependence on Nvidia's AI-computing stack.

What Euclyd says it is building

Euclyd is developing an AI-inference system that uses a different architecture from conventional graphics processors. The source says the design spans both processing and memory. That is the core technical idea behind the company's pitch.

Chief executive Bernardo Kastrup said the financing will support two business lines. One is complete hardware and rack systems for enterprises that want to run AI inference on their own premises. The other is licensing Euclyd's intellectual property to companies that want to build chips using its designs.

Why Samsung matters in this round

The report says Samsung's role is broader than financing. It points to Samsung's expertise in memory, engineering, systems, supply chains, and industry relationships. The source does not give further detail on how that support will work.

That framing suggests the round is not only about capital. It also signals access to industrial experience that can matter in chip development. Still, the source does not say what Samsung will deliver beyond its investor role.

Timeline remains the main question

Euclyd does not expect its first commercial hardware to ship until 2028. The company also aims to serve thousands of enterprise customers by 2030. Those targets show ambition, but they are still plans.

The source is explicit that Euclyd has not yet proved its hardware at meaningful commercial scale. Real-world performance remains unknown. That makes the timeline central to how the company should be read today.

Plans versus shipped results

The report separates Euclyd's plans from actual market proof. The startup has funding, a technical concept, and a long-term commercial roadmap. It does not yet have commercial hardware in the market.

That distinction matters for readers. A funding round can support development, but it does not confirm performance, adoption, or delivery. The source gives no evidence of shipped results.

Morocco relevance

The source reports no Morocco-specific investment, distribution, customer, or launch. For readers, the global lesson is simple: long hardware timelines and unproven performance should be treated as plans, not results.

Bottom line

Euclyd's round is notable because it combines large-scale funding with a strategic investor profile. Samsung's presence adds weight to the deal, at least from the source's perspective. But the company still faces a long path before commercial proof arrives.

For now, the story is about potential, not deployment. The startup has raised money and outlined its model. It has not yet shown the market what its hardware can do at scale.