********Euclyd ex-ASML AI chips and Nordics semis/quantum drug funding signal EU hardware surge** [developing]
Key Questions
What is Euclyd's funding status and target?
Euclyd, a post-seed startup from ex-ASML talent, has raised less than €10M and targets €100M. It has backing from figures like Wennink and Faggin. This positions it in AI chips amid EU hardware growth.
What other recent fundings highlight Nordic semis and quantum activity?
AlixLabs raised €15M, Algorithmiq €1.7M, and Subra €40M for quantum and semis efforts. GF with Twente advances photonics, Aalto develops detectors, and Reduciner raised €3.6M from VTT for materials. These align with SPINS and OrangeQS initiatives.
How do these developments signal an EU hardware surge?
Fundings in AI chips from Euclyd ex-ASML and Nordic quantum/semis like Subra and Reduciner indicate rising EU hardware innovation. Supported by TTOs, EIC, and IT4LIA, they complement broader efforts in photonics and materials. This builds momentum in the region.
Euclyd post-seed <€10M €100M (Wennink/Faggin); AlixLabs €15M; Algorithmiq €1.7M; Subra €40M; GF/Twente photonics; Aalto detectors; Reduciner €3.6M VTT mats. Fits SPINS/OrangeQS; TTOs/EIC/IT4LIA.