Tachyum, Inc., a Campbell, Calif.-based provider of intelligent information processing products, received an investment from IPM Growth.
The amount of the deal was not disclosed.
Led by CEO Dr. Radoslav “Rado” Danilak, Tachyum leverages device physics to deliver a product family of “Cloud Chips”, which, currently under development, is expected to reduce data center compute and storage hardware capital expenditure.
The company aims to leverage IPM’s presence in Europe and Asia to scale markets around the world.
IPM Growth is a venture capital division of InfraPartners Management LLP, a global multi-asset class fund management and advisory firm. In conjunction with the funding, Adrian Vycital, Managing Partner of IPM, joins Tachyum’s board of directors.