Tiny Dutch startup enlists Samsung as backer as it seeks to dethrone Nvidia AI GPU — but Euclyd won't get its inference chip out till 2028
Samsung puts money behind Nvidia challenger Euclyd
by https://www.techradar.com/author/efosa-udinmwen · TechRadarNews By Efosa Udinmwen Published 18 September 2026 2 min read
Share this article 0 Join the conversation Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter
- Samsung has backed a tiny Dutch chipmaker targeting Nvidia
- Euclyd raised $231 million before shipping its first commercial chip
- Euclyd plans to sell complete AI systems directly to enterprises but will not deliver its first hardware until 2028
Samsung has joined a group of investors backing a small Netherlands-based chip designer aiming to challenge Nvidia's dominance in artificial intelligence hardware.
The startup, called Euclyd, closed a funding round worth $231 million, drawing support from several firms beyond the South Korean electronics giant.
According to Bernardo Kastrup, Chief Executive of Euclyd, commercial hardware from the company will not reach customers until 2028
Latest Videos FromTechRadarWatch full video here:
A chip built to rival Nvidia's grip
Euclyd's Series A round totalled €200 million and was co-led by Somerset Capital Partners, the Scaleup Europe Fund, and Innovation Industries, alongside Samsung.
In an exclusive interview with CNBC, Kastrup said that the capital would support two separate lines of business going forward.
One involves selling physical hardware and rack systems directly to enterprises wanting to run their own AI inference securely on-site.
The other involves licensing the underlying intellectual property to firms that want to build their own chips using Euclyd's designs.
Are you a pro? Subscribe to our newsletter
Sign up to the TechRadar Pro newsletter to get all the top news, opinion, features and guidance your business needs to succeed!
Contact me with news and offers from other Future brandsReceive email from us on behalf of our trusted partners or sponsors