13th February 2018
IPM invests in Tachyum
IPM has made another investment under its IPM Growth initiative in Tachyum, a Slovakia and US-based technology company developing processing chips for data centres. Tachyum’s proprietary technology is expected to significantly 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.
“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.
IPM Growth’s investment in Tachyum is consistent with the strategy’s aim to support innovative technologies that have ambition and potential to tackle the most pressing global issues in the sectors of energy, mobility, and security. 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.