MoneySeptember 14, 2026via CNBC Technology
Samsung backs Nvidia AI chip rival in $230 million funding round as GPU alternatives boom
Why it matters
Samsung's strategic bet on an Nvidia rival signals serious intent to diversify AI chip supply chains — a competitive and geopolitical move that practitioners should watch as customers demand non-Nvidia options.
Key signals
- Euclyd raised $230M in funding round
- Co-led by Samsung, Somerset Capital Partners, Scaleup Europe Fund, and Innovation Industries
- Dutch startup positioning as Nvidia GPU alternative
- Samsung's participation signals strategic supply-chain diversification
- Part of broader GPU alternative market growth trend
The hook
$230M. Samsung just backed Euclyd, signaling the GPU alternative market is moving from hype to hardware.
Dutch startup Euclyd raised the funding in a round co-led by Samsung, Somerset Capital Partners, the Scaleup Europe Fund and Innovation Industries.