Nvidia rival tells CNBC it's seeking at least $100 million in funding as European AI chip market booms
- Apr 18
- 1 min read
CNBC — Dutch company Euclyd, backed by the former CEO of chipmaking equipment giant ASML, is currently in discussions with investors for a round of at least 100 million euros ($118 million), its founder Bernardo Kastrup, told CNBC in an exclusive interview.
Elsewhere, U.K. startup Optalysys is planning a $100 million plus fundraise later this year and British company Fractile and France's Arago are reportedly fundraising for nine-figure rounds.
Fractile declined to comment and Arago did not respond to a request for comment. So far in 2026, investors have already funnelled more than $200 million into the Netherlands' Axelera and the U.K.'s Olix.
Read the full story | CNBC
