Home Startups Cloud Chip Startup Tachyum Inc. Secures VC Investment From IPM

Cloud Chip Startup Tachyum Inc. Secures VC Investment From IPM

3 min read

Tachyum Inc., a Silicon Valley cloud chip startup, has announced that it has received venture capital investment from IPM Growth — the venture capital arm of InfraPartners Management LLP, a global multi-asset class fund management and advisory company. As a part of this investment, Adrian Vycital, Managing Partner of IPM, will join Tachyum’s board of directors.

IPM’s global footprint, spread from Europe to Asia Pacific and the US, which is also Tachyum’s base, furnishes the requisite reach in order to bring Tachyum Inc.’s novel outlook on advancing computer processing technology to markets across the globe.

The company says it is working on offering outstanding power efficiency, cost advantages, and performance to help solve the most complex problems that plague data centers across the globe. As a matter of fact, Tachyum Inc.’s Cloud Chip, which is currently under development, is expected to bring down data center computing and storage hardware capital costs by 3-times. It is also expected to reduce total cost of ownership by 4x, hardware power consumption by 10-15x, and rack space by more than 90%. The company says Cloud Chips product family will help prevail over the energy requirements of the aggressive growth in data center capacity.

Dr. Radoslav Danilak, CEO, Tachyum, said, “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. 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.”

Each of Tachyum Inc.’s founders bring extensive experience in solid-state storage, semiconductors, machine learning, and other such sophisticated technologies to the table. Tachyum’s principals also have a proven track record of solving problems caused by device physics at previous organizations and bringing in disruptive products in the market.

Let’s block ads! (Why?)

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Younger Americans aren't investing in the stock market—researchers think this is why

If you go about it carefully and follow the advice of the experts, investing in the stock …