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Primeur weekly 2019-07-15

Quantum computing

Quantum chemistry on quantum computers ...

Quantum computing: Forschungszentrum Jülich and Google announce research partnership ...

The best of both worlds: how to solve real problems on modern quantum computers ...

Rigetti Computing acquires QxBranch to expand full-stack capabilities ...

Focus on Europe

Pioneer satellites launched ...

Inauguration of the Minho Advanced Computing Centre - MACC - in Portugal ...

e-InfraCentral reports on successful EOSC community event in Tallinn ...

ISC High Performance announces David Keyes as 2020 Programme Chair ...

GCS Centres converge on Frankfurt for ISC19 ...

Gauss Centre for Supercomputing to open 22nd call for large-scale projects ...

Middleware

Argonne team breaks record for Globus Data Movement ...

Hardware

Verne Global joins NVIDIA DGX-Ready Data Center Programme as HPC & AI colocation partner ...

NSF funds Bridges-2 supercomputer at Pittsburgh Supercomputing Center ...

Mellanox Capital extends storage ecosystem with investments in CNEX Labs and Pliops ...

Ohio Supercomputer Center staff leading programmes at PEARC19 conference ...

Tachyum closes $25 million Series A round ...

Vantage Data Centers joins NVIDIA DGX-Ready Data Center Colocation Programme ...

World-class research centre opens in Palo Alto ...

Intel's Pohoiki Beach, a 64-chip neuromorphic system, delivers breakthrough results in research tests ...

Applications

SDSC's Comet supercomputer used to model graphene-water interaction ...

US Naval Research Laboratory 'connects the dots' for quantum networks ...

Deep learning-powered 'DeepEC' helps accurately understand enzyme functions ...

Targeting new treatments for concussions by transforming brain pathology ...

NERSC's Cori system reveals integral role of gluons in proton pressure distribution ...

CMU scientists use XSEDE-allocated resources to simulate improved battery components ...

AI Excellence in Europe: 50 million euro to bring world-class researchers together ...

The Cloud

IBM closes landmark acquisition of Red Hat for $34 billion and defines open, hybrid Cloud future ...

USFlash

Intel unveils new tools in its advanced chip packaging toolbox ...

Tachyum closes $25 million Series A round

9 Jul 2019 San Jose - Tachyum Inc. has finalized a Series-A funding round led by private equity investor IPM Group, with participation of the Slovak Government, that will be used to continue the advancement of the company's efforts to bring its Prodigy Universal Processor chip to market. Now with $25 million in its post Series-A war chest, the Tachyum development team is able to reach its next major milestone in early 2020, in order to bring the Prodigy chip to market in the second half of 2020. The closing of this equity investment round was key to support Tachyum's R&D and software development efforts both in Slovakia and USA, leveraging regional talent and resources of Slovakia, the European Union as well as Silicon Valley.

The rapidly expanding Slovakian R&D centre plays an essential role in the development required to lead the AI revolution, to build machines more powerful than the human brain, and to deliver AI for Good and AI for All.

The total combined capital investments in Tachyum are being used by the company as it completes product development work on its Prodigy Universal Processor Chip, the smallest and fastest general purpose, 64-core processor developed to date, requiring 10x less processor power and reducing processor cost by 3x. Prodigy reduces data centre TCO (annual total cost of ownership) by 4x, through a disruptive hardware architecture and a smart compiler that has made many parts of the hardware found in a typical processor redundant. Fewer wires and shorter wires, due to a smaller, simpler core, translates into much greater speed and power efficiency for the processor. The Prodigy Universal Processor Chip is an ultra-low power processor that will enable an Exaflop supercomputer using a mere 250.000 Prodigy processors. Prodigy also provides a path to enable users to simulate, in real-time, human brain-sized neural nets beginning in 2020, instead of 2028.

"The work that Tachyum is doing is highly disruptive and will lead to dramatic improvements in burgeoning markets of artificial intelligence and high-performance computing that require extreme processing speeds and power efficiencies", stated Adrian Vycital, Managing Partner at IPM Group, Tachyum's lead investor based in London and Bratislava. "Supporting Tachyum at this stage of their development provides cascading opportunities for unprecedented success, helping them to establish themselves as the leader in what truly is the future of computing."

Launched in 2016 to overcome the performance plateau in nanometer-class processor chips and the systems they power, Tachyum has unlocked unprecedented performance, power efficiency and cost advantages to solve the most complex problems in big data analytics, deep learning, mobile, and large-scale computing. The company is taking a best-practices approach to developing Prodigy by attracting, hiring and retaining world-class talent across the globe to work at both of its wholly owned subsidiaries, located in Silicon Valley and Slovakia respectively. The ability to attract top talent for its Slovakian subsidiary abroad, ensures that Tachyum is well-positioned to deliver its Prodigy product in the most timely and efficient manner possible.

"We are extremely pleased to announce another infusion of working capital into Tachyum, which not only enables us to complete our mission of delivering disruptive products to market but also represents well-reasoned confidence in our approach to overcoming challenges faced by the industry", stated Dr. Radoslav Danilak, Co-founder and CEO of Tachyum. "The ability to change the world takes more than one man's vision. Having an investment community backing Tachyum allows us to properly build a world-class organisation with the best and brightest talent available. We look forward to growing the company and the industry atop the foundation that we've already built."
Source: Tachyum

Back to Table of contents

Primeur weekly 2019-07-15

Quantum computing

Quantum chemistry on quantum computers ...

Quantum computing: Forschungszentrum Jülich and Google announce research partnership ...

The best of both worlds: how to solve real problems on modern quantum computers ...

Rigetti Computing acquires QxBranch to expand full-stack capabilities ...

Focus on Europe

Pioneer satellites launched ...

Inauguration of the Minho Advanced Computing Centre - MACC - in Portugal ...

e-InfraCentral reports on successful EOSC community event in Tallinn ...

ISC High Performance announces David Keyes as 2020 Programme Chair ...

GCS Centres converge on Frankfurt for ISC19 ...

Gauss Centre for Supercomputing to open 22nd call for large-scale projects ...

Middleware

Argonne team breaks record for Globus Data Movement ...

Hardware

Verne Global joins NVIDIA DGX-Ready Data Center Programme as HPC & AI colocation partner ...

NSF funds Bridges-2 supercomputer at Pittsburgh Supercomputing Center ...

Mellanox Capital extends storage ecosystem with investments in CNEX Labs and Pliops ...

Ohio Supercomputer Center staff leading programmes at PEARC19 conference ...

Tachyum closes $25 million Series A round ...

Vantage Data Centers joins NVIDIA DGX-Ready Data Center Colocation Programme ...

World-class research centre opens in Palo Alto ...

Intel's Pohoiki Beach, a 64-chip neuromorphic system, delivers breakthrough results in research tests ...

Applications

SDSC's Comet supercomputer used to model graphene-water interaction ...

US Naval Research Laboratory 'connects the dots' for quantum networks ...

Deep learning-powered 'DeepEC' helps accurately understand enzyme functions ...

Targeting new treatments for concussions by transforming brain pathology ...

NERSC's Cori system reveals integral role of gluons in proton pressure distribution ...

CMU scientists use XSEDE-allocated resources to simulate improved battery components ...

AI Excellence in Europe: 50 million euro to bring world-class researchers together ...

The Cloud

IBM closes landmark acquisition of Red Hat for $34 billion and defines open, hybrid Cloud future ...

USFlash

Intel unveils new tools in its advanced chip packaging toolbox ...