Cloud Chip Firm Tachyum Receives VC Investment

Silicon Valley start-up Tachyum Inc. received an outside investment from IPM Growth, the venture capital division of InfraPartners Management LLP, a multi-asset class fund management and advisory firm.
 
IPM growth focuses on addressing the scarcity of scale-up capital for companies with ambitions, developing disruptive technologies that tackle the pressing global issues in the sectors of energy, mobility, security.  

IPM’s investments drive the commercialization of its portfolio companies’ solutions while offering investors with ‘smart money’, a platform for obtaining access to this underserved and opportunistic sector.  

IPM’s global footprint – from Europe to AsiaPac – and Tachyum’s base in the U.S. provides for the necessary reach to bring Tachyum’s approach to progressing computer processing technology to the global markets.
 
“Tachyum’s founders have a proven track record at previous companies of solving problems caused by device physics and in delivering disruptive products to market,” said Adrian Vycital, managing partner, IPM, who joins Tachyum’s board of directors as part of the investment. “We recognize that one of the obstacles in developing ambitious projects in a number of fields is the lack of access to high-performance processing chips needed to tackle the ever-increasing number and complexity of algorithms demanded of today’s computing problems, as well as the high energy consumption of the rapidly expanding data center market. From our base in Europe, we see that the EU is currently losing the competitiveness of having access to our own proprietary technology in that respect, and part of our investment thesis for Tachyum is aimed at addressing that demand and helping to drive the R&D projects of the future forward, faster.”
 
Tachyum will unlock performance, power efficiency and cost advantages to solve complex problems in data centers. By exploiting device physics, it will deliver a product family of Cloud Chips that offer power savings, performance and value to help overcome the energy demands of exponential growth in data center capacity.
 
“IPM’s investment is giving Tachyum a significant boost in our ability to bring our Cloud Chip to life and to address the sea change in semiconductor development threatening to topple industries that depend on processing performance and density,” said Tachyum CEO Dr. Radoslav ‘Rado’ Danilak. “Their established presence in Europe and Asia will help us to more readily deliver radical efficiency improvements that the enterprise and hyperscale markets around the world require in order to sustain and grow.”
 
Tachyum’s principals hold deep experience in semiconductors, solid-state storage, machine learning, and other sophisticated technologies.

Danilak – who has more than 100 granted patents – and the founding team have advanced omputing power, speed, and intelligence for more than 100 years combined.
 
Cloud Chip, under development, is expected to reduce data center compute and storage hardware capital expenditure by 3x, TCO by 4x and hardware power consumption by 10-15x, and reduce rack space by over 90%.

Read also:
New Start-Up Tachyum in nm-Class Chips and Systems They Power
Co-founded by Dr. Radoslav ‘Rado’ Danilak, founder and CEO of Skyera
2017.02.13 | Press Release