EuroEXA, funded by the European Union, started in September 2017 aiming to design a balanced architecture for both compute- and data-intensive applications using a cost-efficient, modular-integration approach enabled by novel inter-die links and the tape-out of a resulting EuroEXA processing unit with integration of FPGA for data-flow acceleration. EuroEXA will provide a homogenised software platform offering heterogeneous acceleration with scalable shared memory access and create a unique hybrid geographically-addressed, switching and topology interconnect within the rack while enabling the adoption of low-cost Ethernet switches offering low-Latency and high-switching bandwidth.