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Story summary
- Samsung Electronics invested $231 million in Euclyd’s Series A funding round.
- Series A was co-led by Somerset Capital Partners, EQT’s Scaleup Europe Fund and Innovation Industries.
- CEO Bernardo Kastrup said the money will expand engineering staff.
- Euclyd plans to ship its first hardware by 2028 and serve enterprises by 2030.
- Former ASML CEO Peter Wennink joined Euclyd as Chairman of the Board.