Dutch startup Euclyd has raised $230 million in a funding round co-led by Samsung and several investment funds to develop a new AI inference chip system that aims to compete with Nvidia's GPUs. Founded in 2024, Euclyd is designing a chip with a different architecture focused on reducing energy consumption and costs for AI data centers. The company plans to launch its physical chip systems by 2028 and serve thousands of enterprise customers by 2030. Samsung's involvement brings expertise in memory manufacturing and supply chain support, boosting Euclyd's development efforts amid a growing market for AI hardware alternatives.
Nvidia's stock price is currently USD 212.07 on Pluang as of Sep 15, 2026 06:51 WIB, down 2.80% in the past day. The company holds a market cap of $5.27 trillion, reflecting its dominant position in the AI chip market. This funding round for Euclyd highlights growing competition in AI hardware, even as Nvidia remains a major player.
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