Silicon Valley-based Tachyum Inc, a cloud chip startup, has secured an undisclosed amount of funding. The investor was IPM Growth, the venture unit of InfraPartners Management LLP.
CAMPBELL, Calif., February 13, 2018 – Silicon Valley startup Tachyum Inc. announced today it has received an outside investment from IPM Growth, the venture capital division of InfraPartners Management LLP (“IPM LLP”), a global multi-asset class fund management and advisory firm.
IPM Growth focuses on addressing the scarcity of scale-up capital for innovative companies with global ambitions, developing disruptive technologies that tackle the most 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 Asia Pacific – and Tachyum’s base in the U.S. provides for the necessary reach to bring Tachyum’s unique 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 of 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 unprecedented performance, power efficiency and cost advantages to solve the world’s most complex problems in data centers globally. By exploiting device physics, Tachyum will deliver a product family of “Cloud Chips” that offer unprecedented 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 the state of the art of computing power, speed, and intelligence for more than 100 years combined.
Tachyum’s Cloud Chip, under development, is expected to reduce data center compute and storage hardware capital expenditure by 3x, total cost of ownership by 4x and hardware power consumption by 10-15x, and reduce rack space by over 90 percent.
Named for the Greek “tachy,” meaning speed, combined with “-um,” indicating an element, Tachyum emerged from stealth mode in 2017 to engineer disruptive intelligent information processing products. Tachyum’s founders have a track record of solving problems caused by device physics to deliver transformational products to market. For more information visit: http://tachyum.com.
InfraPartners Management LLP (“IPM”) is a global fund management and advisory company, established in 2014 by a team of experienced investment professionals. IPM is headquartered in London and Bratislava with a presence in Korea, China, Turkey, and Guernsey. IPM specializes in alternative asset classes, including infrastructure, venture capital, private equity, real estate and commodities. At IPM we aim to create a positive economic impact and long-term value for our clients, the companies we invest in, and the communities in which we work. IPM’s team has previously worked on a number of award-winning transactions on behalf of global financial institutions, being responsible for various industrial and geographical ‘firsts’, and having deployed billions of capital across their careers. InfraPartners Management LLP is authorized and regulated by the United Kingdom Financial Conduct Authority (FCA) to advise on and arrange investments. For more information visit: http://www.ipmllp.com.