Home / Business and Economy / Euclyd Secures €200M+, ASML Exec Joins Board
Euclyd Secures €200M+, ASML Exec Joins Board
15 Sep
Summary
- Euclyd raised over €200 million in new funding.
- Former ASML CEO Peter Wennink now chairs Euclyd.
- Samsung and EU Scaleup Europe backed the startup.
Eindhoven-based Euclyd, a Dutch chip startup, has successfully raised over €200 million in its Series A financing round. This significant capital infusion underscores strong investor confidence in the company's technological advancements and future prospects.
Adding considerable weight to its leadership, Euclyd has appointed Peter Wennink, the former Chief Executive Officer of ASML Holding NV, as its new chairman. This strategic move signals a new era of growth and expertise for the burgeoning firm.
The Series A funding round was co-led by major industry players, including Samsung Electronics Co. and Somerset Capital Partners. Additionally, the EU's Scaleup Europe initiative participated, highlighting the strategic importance of Euclyd's work for the European semiconductor landscape.
