European AI Chip Startups Attract Record Funding — Euclyd Targets €100M to Rival NVIDIA

CNBC·medium signal

Dutch startup Euclyd, backed by former ASML CEO Peter Wennink, is raising at least €100 million for AI inference chips claiming 100x better power efficiency than NVIDIA's Vera Rubin. UK's Fractile secured $22.5M from NATO Innovation Fund, and France's Arago is also fundraising for nine-figure rounds. AI chip startups globally raised $8.3 billion in 2026, on pace for a record year.