Cloud Chip Company Tachyum Receives Venture Capital Investment from IPM

February 13, 2018

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.

About Tachyum

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.

About IPM

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.


Source: Tachyum

Subscribe to HPCwire's Weekly Update!

Be the most informed person in the room! Stay ahead of the tech trends with industry updates delivered to you every week!

Nvidia’s New Blackwell GPU Can Train AI Models with Trillions of Parameters

March 18, 2024

Nvidia's latest and fastest GPU, code-named Blackwell, is here and will underpin the company's AI plans this year. The chip offers performance improvements from its predecessors, including the red-hot H100 and A100 GPUs. Read more…

Nvidia Showcases Quantum Cloud, Expanding Quantum Portfolio at GTC24

March 18, 2024

Nvidia’s barrage of quantum news at GTC24 this week includes new products, signature collaborations, and a new Nvidia Quantum Cloud for quantum developers. While Nvidia may not spring to mind when thinking of the quant Read more…

2024 Winter Classic: Meet the HPE Mentors

March 18, 2024

The latest installment of the 2024 Winter Classic Studio Update Show features our interview with the HPE mentor team who introduced our student teams to the joys (and potential sorrows) of the HPL (LINPACK) and accompany Read more…

Houston We Have a Solution: Addressing the HPC and Tech Talent Gap

March 15, 2024

Generations of Houstonian teachers, counselors, and parents have either worked in the aerospace industry or know people who do - the prospect of entering the field was normalized for boys in 1969 when the Apollo 11 missi Read more…

Apple Buys DarwinAI Deepening its AI Push According to Report

March 14, 2024

Apple has purchased Canadian AI startup DarwinAI according to a Bloomberg report today. Apparently the deal was done early this year but still hasn’t been publicly announced according to the report. Apple is preparing Read more…

Survey of Rapid Training Methods for Neural Networks

March 14, 2024

Artificial neural networks are computing systems with interconnected layers that process and learn from data. During training, neural networks utilize optimization algorithms to iteratively refine their parameters until Read more…

Nvidia’s New Blackwell GPU Can Train AI Models with Trillions of Parameters

March 18, 2024

Nvidia's latest and fastest GPU, code-named Blackwell, is here and will underpin the company's AI plans this year. The chip offers performance improvements from Read more…

Nvidia Showcases Quantum Cloud, Expanding Quantum Portfolio at GTC24

March 18, 2024

Nvidia’s barrage of quantum news at GTC24 this week includes new products, signature collaborations, and a new Nvidia Quantum Cloud for quantum developers. Wh Read more…

Houston We Have a Solution: Addressing the HPC and Tech Talent Gap

March 15, 2024

Generations of Houstonian teachers, counselors, and parents have either worked in the aerospace industry or know people who do - the prospect of entering the fi Read more…

Survey of Rapid Training Methods for Neural Networks

March 14, 2024

Artificial neural networks are computing systems with interconnected layers that process and learn from data. During training, neural networks utilize optimizat Read more…

PASQAL Issues Roadmap to 10,000 Qubits in 2026 and Fault Tolerance in 2028

March 13, 2024

Paris-based PASQAL, a developer of neutral atom-based quantum computers, yesterday issued a roadmap for delivering systems with 10,000 physical qubits in 2026 a Read more…

India Is an AI Powerhouse Waiting to Happen, but Challenges Await

March 12, 2024

The Indian government is pushing full speed ahead to make the country an attractive technology base, especially in the hot fields of AI and semiconductors, but Read more…

Charles Tahan Exits National Quantum Coordination Office

March 12, 2024

(March 1, 2024) My first official day at the White House Office of Science and Technology Policy (OSTP) was June 15, 2020, during the depths of the COVID-19 loc Read more…

AI Bias In the Spotlight On International Women’s Day

March 11, 2024

What impact does AI bias have on women and girls? What can people do to increase female participation in the AI field? These are some of the questions the tech Read more…

Alibaba Shuts Down its Quantum Computing Effort

November 30, 2023

In case you missed it, China’s e-commerce giant Alibaba has shut down its quantum computing research effort. It’s not entirely clear what drove the change. Read more…

Nvidia H100: Are 550,000 GPUs Enough for This Year?

August 17, 2023

The GPU Squeeze continues to place a premium on Nvidia H100 GPUs. In a recent Financial Times article, Nvidia reports that it expects to ship 550,000 of its lat Read more…

Analyst Panel Says Take the Quantum Computing Plunge Now…

November 27, 2023

Should you start exploring quantum computing? Yes, said a panel of analysts convened at Tabor Communications HPC and AI on Wall Street conference earlier this y Read more…

Shutterstock 1285747942

AMD’s Horsepower-packed MI300X GPU Beats Nvidia’s Upcoming H200

December 7, 2023

AMD and Nvidia are locked in an AI performance battle – much like the gaming GPU performance clash the companies have waged for decades. AMD has claimed it Read more…

DoD Takes a Long View of Quantum Computing

December 19, 2023

Given the large sums tied to expensive weapon systems – think $100-million-plus per F-35 fighter – it’s easy to forget the U.S. Department of Defense is a Read more…

Synopsys Eats Ansys: Does HPC Get Indigestion?

February 8, 2024

Recently, it was announced that Synopsys is buying HPC tool developer Ansys. Started in Pittsburgh, Pa., in 1970 as Swanson Analysis Systems, Inc. (SASI) by John Swanson (and eventually renamed), Ansys serves the CAE (Computer Aided Engineering)/multiphysics engineering simulation market. Read more…

Intel’s Server and PC Chip Development Will Blur After 2025

January 15, 2024

Intel's dealing with much more than chip rivals breathing down its neck; it is simultaneously integrating a bevy of new technologies such as chiplets, artificia Read more…

Choosing the Right GPU for LLM Inference and Training

December 11, 2023

Accelerating the training and inference processes of deep learning models is crucial for unleashing their true potential and NVIDIA GPUs have emerged as a game- Read more…

Leading Solution Providers

Contributors

Baidu Exits Quantum, Closely Following Alibaba’s Earlier Move

January 5, 2024

Reuters reported this week that Baidu, China’s giant e-commerce and services provider, is exiting the quantum computing development arena. Reuters reported � Read more…

Training of 1-Trillion Parameter Scientific AI Begins

November 13, 2023

A US national lab has started training a massive AI brain that could ultimately become the must-have computing resource for scientific researchers. Argonne N Read more…

Shutterstock 1179408610

Google Addresses the Mysteries of Its Hypercomputer 

December 28, 2023

When Google launched its Hypercomputer earlier this month (December 2023), the first reaction was, "Say what?" It turns out that the Hypercomputer is Google's t Read more…

Comparing NVIDIA A100 and NVIDIA L40S: Which GPU is Ideal for AI and Graphics-Intensive Workloads?

October 30, 2023

With long lead times for the NVIDIA H100 and A100 GPUs, many organizations are looking at the new NVIDIA L40S GPU, which it’s a new GPU optimized for AI and g Read more…

AMD MI3000A

How AMD May Get Across the CUDA Moat

October 5, 2023

When discussing GenAI, the term "GPU" almost always enters the conversation and the topic often moves toward performance and access. Interestingly, the word "GPU" is assumed to mean "Nvidia" products. (As an aside, the popular Nvidia hardware used in GenAI are not technically... Read more…

Shutterstock 1606064203

Meta’s Zuckerberg Puts Its AI Future in the Hands of 600,000 GPUs

January 25, 2024

In under two minutes, Meta's CEO, Mark Zuckerberg, laid out the company's AI plans, which included a plan to build an artificial intelligence system with the eq Read more…

Google Introduces ‘Hypercomputer’ to Its AI Infrastructure

December 11, 2023

Google ran out of monikers to describe its new AI system released on December 7. Supercomputer perhaps wasn't an apt description, so it settled on Hypercomputer Read more…

China Is All In on a RISC-V Future

January 8, 2024

The state of RISC-V in China was discussed in a recent report released by the Jamestown Foundation, a Washington, D.C.-based think tank. The report, entitled "E Read more…

  • arrow
  • Click Here for More Headlines
  • arrow
HPCwire