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 industy updates delivered to you every week!

Pfizer HPC Engineer Aims to Automate Software Stack Testing

January 17, 2019

Seeking to reign in the tediousness of manual software testing, Pfizer HPC Engineer Shahzeb Siddiqui is developing an open source software tool called buildtest, aimed at automating software stack testing by providing the community with a central repository of tests for common HPC apps and the ability to automate execution of testing. Read more…

By Tiffany Trader

Senegal Prepares to Take Delivery of Atos Supercomputer

January 16, 2019

In just a few months time, Senegal will be operating the second largest HPC system in sub-Saharan Africa. The Minister of Higher Education, Research and Innovation Mary Teuw Niane made the announcement on Monday (Jan. 14 Read more…

By Tiffany Trader

Google Cloud Platform Extends GPU Instance Options

January 16, 2019

If it's Nvidia GPUs you're after to power your AI/HPC/visualization workload, Google Cloud has them, now claiming "broadest GPU availability." Each of the three big public cloud vendors has by turn touted the latest and Read more…

By Tiffany Trader

HPE Extreme Performance Solutions

HPE Systems With Intel Omni-Path: Architected for Value and Accessible High-Performance Computing

Today’s high-performance computing (HPC) and artificial intelligence (AI) users value high performing clusters. And the higher the performance that their system can deliver, the better. Read more…

IBM Accelerated Insights

Resource Management in the Age of Artificial Intelligence

New challenges demand fresh approaches

Fueled by GPUs, big data, and rapid advances in software, the AI revolution is upon us. Read more…

STAC Floats ML Benchmark for Financial Services Workloads

January 16, 2019

STAC (Securities Technology Analysis Center) recently released an ‘exploratory’ benchmark for machine learning which it hopes will evolve into a firm benchmark or suite of benchmarking tools to compare the performanc Read more…

By John Russell

Google Cloud Platform Extends GPU Instance Options

January 16, 2019

If it's Nvidia GPUs you're after to power your AI/HPC/visualization workload, Google Cloud has them, now claiming "broadest GPU availability." Each of the three Read more…

By Tiffany Trader

STAC Floats ML Benchmark for Financial Services Workloads

January 16, 2019

STAC (Securities Technology Analysis Center) recently released an ‘exploratory’ benchmark for machine learning which it hopes will evolve into a firm benchm Read more…

By John Russell

A Big Data Journey While Seeking to Catalog our Universe

January 16, 2019

It turns out, astronomers have lots of photos of the sky but seek knowledge about what the photos mean. Sound familiar? Big data problems are often characterize Read more…

By James Reinders

Intel Bets Big on 2-Track Quantum Strategy

January 15, 2019

Quantum computing has lived so long in the future it’s taken on a futuristic life of its own, with a Gartner-style hype cycle that includes triggers of innovation, inflated expectations and – though a useful quantum system is still years away – anticipatory troughs of disillusionment. Read more…

By Doug Black

IBM Quantum Update: Q System One Launch, New Collaborators, and QC Center Plans

January 10, 2019

IBM made three significant quantum computing announcements at CES this week. One was introduction of IBM Q System One; it’s really the integration of IBM’s Read more…

By John Russell

IBM’s New Global Weather Forecasting System Runs on GPUs

January 9, 2019

Anyone who has checked a forecast to decide whether or not to pack an umbrella knows that weather prediction can be a mercurial endeavor. It is a Herculean task: the constant modeling of incredibly complex systems to a high degree of accuracy at a local level within very short spans of time. Read more…

By Oliver Peckham

The Case Against ‘The Case Against Quantum Computing’

January 9, 2019

It’s not easy to be a physicist. Richard Feynman (basically the Jimi Hendrix of physicists) once said: “The first principle is that you must not fool yourse Read more…

By Ben Criger

The Deep500 – Researchers Tackle an HPC Benchmark for Deep Learning

January 7, 2019

How do you know if an HPC system, particularly a larger-scale system, is well-suited for deep learning workloads? Today, that’s not an easy question to answer Read more…

By John Russell

Quantum Computing Will Never Work

November 27, 2018

Amid the gush of money and enthusiastic predictions being thrown at quantum computing comes a proposed cold shower in the form of an essay by physicist Mikhail Read more…

By John Russell

Cray Unveils Shasta, Lands NERSC-9 Contract

October 30, 2018

Cray revealed today the details of its next-gen supercomputing architecture, Shasta, selected to be the next flagship system at NERSC. We've known of the code-name "Shasta" since the Argonne slice of the CORAL project was announced in 2015 and although the details of that plan have changed considerably, Cray didn't slow down its timeline for Shasta. Read more…

By Tiffany Trader

Summit Supercomputer is Already Making its Mark on Science

September 20, 2018

Summit, now the fastest supercomputer in the world, is quickly making its mark in science – five of the six finalists just announced for the prestigious 2018 Read more…

By John Russell

AMD Sets Up for Epyc Epoch

November 16, 2018

It’s been a good two weeks, AMD’s Gary Silcott and Andy Parma told me on the last day of SC18 in Dallas at the restaurant where we met to discuss their show news and recent successes. Heck, it’s been a good year. Read more…

By Tiffany Trader

The Case Against ‘The Case Against Quantum Computing’

January 9, 2019

It’s not easy to be a physicist. Richard Feynman (basically the Jimi Hendrix of physicists) once said: “The first principle is that you must not fool yourse Read more…

By Ben Criger

US Leads Supercomputing with #1, #2 Systems & Petascale Arm

November 12, 2018

The 31st Supercomputing Conference (SC) - commemorating 30 years since the first Supercomputing in 1988 - kicked off in Dallas yesterday, taking over the Kay Ba Read more…

By Tiffany Trader

Contract Signed for New Finnish Supercomputer

December 13, 2018

After the official contract signing yesterday, configuration details were made public for the new BullSequana system that the Finnish IT Center for Science (CSC Read more…

By Tiffany Trader

Nvidia’s Jensen Huang Delivers Vision for the New HPC

November 14, 2018

For nearly two hours on Monday at SC18, Jensen Huang, CEO of Nvidia, presented his expansive view of the future of HPC (and computing in general) as only he can do. Animated. Backstopped by a stream of data charts, product photos, and even a beautiful image of supernovae... Read more…

By John Russell

Leading Solution Providers

SC 18 Virtual Booth Video Tour

Advania @ SC18 AMD @ SC18
ASRock Rack @ SC18
DDN Storage @ SC18
HPE @ SC18
IBM @ SC18
Lenovo @ SC18 Mellanox Technologies @ SC18
NVIDIA @ SC18
One Stop Systems @ SC18
Oracle @ SC18 Panasas @ SC18
Supermicro @ SC18 SUSE @ SC18 TYAN @ SC18
Verne Global @ SC18

HPE No. 1, IBM Surges, in ‘Bucking Bronco’ High Performance Server Market

September 27, 2018

Riding healthy U.S. and global economies, strong demand for AI-capable hardware and other tailwind trends, the high performance computing server market jumped 28 percent in the second quarter 2018 to $3.7 billion, up from $2.9 billion for the same period last year, according to industry analyst firm Hyperion Research. Read more…

By Doug Black

House Passes $1.275B National Quantum Initiative

September 17, 2018

Last Thursday the U.S. House of Representatives passed the National Quantum Initiative Act (NQIA) intended to accelerate quantum computing research and developm Read more…

By John Russell

HPC Reflections and (Mostly Hopeful) Predictions

December 19, 2018

So much ‘spaghetti’ gets tossed on walls by the technology community (vendors and researchers) to see what sticks that it is often difficult to peer through Read more…

By John Russell

Intel Confirms 48-Core Cascade Lake-AP for 2019

November 4, 2018

As part of the run-up to SC18, taking place in Dallas next week (Nov. 11-16), Intel is doling out info on its next-gen Cascade Lake family of Xeon processors, specifically the “Advanced Processor” version (Cascade Lake-AP), architected for high-performance computing, artificial intelligence and infrastructure-as-a-service workloads. Read more…

By Tiffany Trader

Germany Celebrates Launch of Two Fastest Supercomputers

September 26, 2018

The new high-performance computer SuperMUC-NG at the Leibniz Supercomputing Center (LRZ) in Garching is the fastest computer in Germany and one of the fastest i Read more…

By Tiffany Trader

Houston to Field Massive, ‘Geophysically Configured’ Cloud Supercomputer

October 11, 2018

Based on some news stories out today, one might get the impression that the next system to crack number one on the Top500 would be an industrial oil and gas mon Read more…

By Tiffany Trader

Microsoft to Buy Mellanox?

December 20, 2018

Networking equipment powerhouse Mellanox could be an acquisition target by Microsoft, according to a published report in an Israeli financial publication. Microsoft has reportedly gone so far as to engage Goldman Sachs to handle negotiations with Mellanox. Read more…

By Doug Black

The Deep500 – Researchers Tackle an HPC Benchmark for Deep Learning

January 7, 2019

How do you know if an HPC system, particularly a larger-scale system, is well-suited for deep learning workloads? Today, that’s not an easy question to answer Read more…

By John Russell

  • arrow
  • Click Here for More Headlines
  • arrow
Do NOT follow this link or you will be banned from the site!
Share This