Tachyum Inc., a San Jose, Calif.-based developer of intelligent information processing products, raised $25m in Series A funding.
The round was led by private equity investor IPM Group, with participation from the Slovak Government.
The company intends to use the funds to support its software development efforts both in Slovakia and USA to bring its Prodigy Universal Processor chip to market.
Launched in 2016 by Dr. Radoslav Danilak, CEO, and emerged from stealth mode in 2017, Tachyum engineers intelligent information processing products for global markets.
The Prodigy Universal Processor Chip is an ultra-low power processor that will enable an Exaflop supercomputer using a mere 250,000 Prodigy processors. It also provides a path to enable users to simulate, in real-time, human brain-sized neural nets beginning in 2020, instead of 2028.
The company aims to bring the Prodigy chip, a small and fast general purpose, 64-core processor, to market in the second half of 2020.