Today Tachyum Inc. announced that is has finalized a Series A funding round that netting the company $25 million. The funding round was led by the private equity investor group IPM and had participation of the Slovak Government. The funding raised is aimed at bringing the company’s Prodigy Processor Universal Chip to market by the second half of 2020.
Tachyum is a startup that launched in 2016 and came out of stealth in 2017. Their main thrust is to develop disruptive intelligent information processing products. Tachyum has since claimed that they have been able to unlock unprecedented performance, power efficiency and cost advantages in nanometer-class processor chips and the systems they power. The products intend to address issues that arise in big data analytics, deep learning, mobile, and large-scale computing.
The product that the funding is directly related to is the Prodigy Processor Universal Chip. Tachyum claims its new chip is faster than Xeon and smaller than ARM. On top of that claim, Tachyum also states its 64-core processor requires 10x less power and reduces processor cost by 3x. The company has found a way to reduce the amount of hardware found in a typical processor that relates to faster speeds at a lower cost. The company says the new chip can enable an Exaflop supercomputer using a mere 250,000 Prodigy processors. Tachyum also states that its new processor will allow users to simulate, in real-time, human brain-sized neural nets beginning in 2020, instead of 2028.
Bold claims from such a small company and we’ll have to wait and see how things play out next year. But it is good to see someone rock the boat every now and again.
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