PM investors have signed definitive agreement to conclude investment in Tachyum, a Slovakia and U.S. based computer chip company. Tachyum is a semiconductor technology company founded in 2016, developing processing chips with 25x less core area that will require 20x less power, which will significantly reduce power consumption, storage footprint, and server hardware cost. Tachyum expects its cloud chip-based systems to achieve 1/4 the cost of current solutions.
Advancements in semiconductor density, power efficiency, and production cost have slowed dramatically in recent years. Meanwhile, many major companies are migrating to cloud-based computing solutions, that require large data centers powered by significant amounts of energy. Tachyum was founded to address these issues by Radoslav Danilak, a serial technology entrepreneur with a successful track record of backing new semiconductor technologies. “An innovative new approach, from first principles is the only realistic chance we have of achieving performance improvements to rival those that powered the tech industry of past decades, and the opportunity is a hundred times greater than any venture I’ve been involved in,” said Radoslav Danilak, Tachyum’s CEO. Tachyum aims to produce a semiconductor chip that addresses the stalling developments of such devices due to the physical limitations of shrinking electronic components. Tachyum’s innovative chip aims to “unlock unprecedented performance, power efficiency, and cost advantages, and solve the most complex problems in big data analytics, deep learning, mobile, and large scale computing. The deep impact will be felt across a broad spectrum of markets and industries.” At the scale the cloud computing service providers are operating, giving Tachyum a fraction of their hardware spend could save them billions annually.
Tachyum’s team has demonstrable knowledge and experience in this field, and an impressive track record related to successful semiconductor and other technologies. The company’s founder, Rado Danilak, successfully exited two companies in recent years, (Skyera and Sandforce), both of which were ultimately acquired by leading global tech groups.
Moreover, he is the former Chief Architect of Nvidia, a leading US semiconductor company with US$60bn market cap, where he developed the Nvidia Tesla chip serving the world’s fastest computer (Tianhe). Rado Danilak has now teamed up with other leading industry veterans to drive Tachyum to bring a high performance, ultra-low power cloud chip, aimed directly at the continuously expanding US$20bn cloud server chip market. IPM Growth’s investment will enable Tachyum to focus on further research and development, and to help the company to establish itself globally.