Eindhoven-based Euclyd, founded by former ASML director Bernardo Kastrup, is in discussions to raise at least €100 million following a seed round of under €10 million. The company's CRAFTWERK architecture processes data across multiple on-chip locations simultaneously rather than shuttling it between memory and compute cores, a design Kastrup claims delivers 100x better power efficiency for inference than Nvidia's Vera Rubin generation — a claim not yet independently validated. CNBC reports that ex-ASML CEO Peter Wennink, microprocessor pioneer Federico Faggin, and Elastic founder Steven Schuurman are among advisors and early investors; the company is negotiating with four potential clients and targets first deliveries in 2027.