LAS VEGAS--(BUSINESS WIRE)--

Tachyum® today announced that it has executed a binding agreement for its Series C funding with a $220 million investment to be wired into Tachyum’s account within a month, by a European investor that positions the company to become one of the top enablers within the AI data center market. The Series C investor has also signed a $500 million purchase order for Prodigy® chips, which will increase AI performance by an order of magnitude and reduce the cost of ultra large LLM/AI models by approximately two orders of magnitude.

The lead investor from the US took a semiconductor company public last year in the US with a valuation of nearly a billion USD, and the same investor took another US company public through a SPAC for several billion USD.

With a total of more than $300 million invested over three funding rounds, Tachyum is poised to revolutionize AI data centers by solving the most challenging barriers to AI and expects that Series C will propel the company to an IPO, potentially as early as 2027.

There is tremendous growth that is attributed to increased demand for AI and cloud workloads, requiring hyperscale AI data centers to ensure applications and workloads can be achieved. The Stargate Project is investing $500 billion in US AI infrastructure to win the AI race. The Stargate UAE, brokered by the US, is building the world's largest gigawatt-scale AI data centers outside the US, located in a 5-gigawatt campus in Abu Dhabi. Humain, Saudi Arabia's AI company, is constructing 100 MW data centers in Riyadh and Dammam. In addition to companies looking to leverage the benefits of AI, there has been a marked interest from governments looking to win AI supremacy.

With the explosive costs of AI, there is a strong market pull for Tachyum’s Prodigy to minimize costs and democratize AI for organizations across the globe, which will enable them to benefit from the AI revolution. Countries in Asia are building semiconductor fabs while Europe is approving €30 billion on AI data centers for the next 2 years. Tachyum was selected by the EU for the Important Project of Common European Interests (IPCEI), which enables the EU’s AI to match AI in the US at a fraction of cost.

The Kimi K2 AI model has approximately 1 trillion parameters, ChatGPT 4.5 has an estimated 10 trillion parameters, and BaGauLu has 174 trillion parameters, which exceeds the 100-150 trillion synapses estimated in Human Brain. To accommodate the needs of next generation AI, Tachyum is using its latest investment funds to produce its Prodigy chips to further reduce cost and energy for inference and training ultra large AI models without sacrificing accuracy or task performance. These advancements are accelerating innovation by reducing capital and operational costs associated with inference and training ultra large state-of-the-art AI models.

Tachyum has continuously upgraded its Prodigy design while waiting for the Series C investment necessary for tape-out. With Series C closing as outlined above, Tachyum will finalize the tape-out process and schedule. Tachyum will disclose Prodigy’s upgraded specifications and performance in the near future.

“With the capital raised from this latest funding round, we are able to get complete Prodigy tape-out with the latest innovations and designs to meet ever-changing market demands,” said Dr. Radoslav Danilak, founder and CEO of Tachyum. “We are seeing how the battle for AI supremacy is currently being waged and we’re excited to bring to market a disruptive chip that will enable AI models with parameters many orders of magnitude larger than the synapses of the human brain at an affordable price at a fraction of cost of existing solutions.”

The Prodigy® Universal Processor offers industry-leading performance for AI/ML, HPC, and cloud workloads, with a single homogeneous architecture. Each chiplet in the Prodigy package integrates 256 high-performance custom 64-bit cores to deliver orders of magnitude higher performance for AI, and 3x the performance of the highest-performing x86 processors, and 6x the performance of the highest-performing GPGPU for HPC. By eliminating the need for expensive dedicated AI hardware and dramatically increasing server utilization, Prodigy reduces data center CAPEX and OPEX significantly while delivering unprecedented performance, power, and economics.

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About Tachyum

Tachyum is transforming the economics of AI, HPC, public and private cloud workloads with Prodigy, the world’s first Universal Processor. Prodigy unifies the functionality of a CPU, an HPC GPGPU, and AI accelerators in a single processor to deliver industry-leading performance, cost and power efficiency for both specialty and general-purpose computing. Tachyum has offices in the United States, Slovakia and the Czech Republic. For more information, visit https://www.tachyum.com/.

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Source: Tachyum