EUCLYD Secures Over €200 Million in Series A Funding to Advance Agentic AI Silicon and Exascale AI Factories

AI-generated NewsSnap summary based on source reporting.
Published: 2026-09-15
Category: technology
Source: Morningstar

EUCLYD, a deep tech company, has closed a Series A financing round exceeding €200 million, co-led by Samsung, Somerset Capital Partners, Scaleup Europe Fund, and Innovation Industries. The funding will accelerate the development of 'craftwerk,' the world's first agentic AI silicon, and 'craftwerk station CWS,' an exascale AI factory designed for ultra-low power consumption. This initiative aims to overcome current memory and efficiency limitations in AI performance and scalability, positioning Europe as a key player in global AI infrastructure.

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