Tachyum Executives Excited About Company Future After Success of 2019
Summary
SAN JOSE, Calif.--(BUSINESS WIRE)--A year that saw semiconductor startup Tachyum make substantial progress in product development, financial positioning and expanded executive leadership, has ensured that the company remains on schedule to introduce Prodigy, the world’s first Universal Processor, to worldwide markets in 2021. I am looking forward to letting the product speak for itself.” Tachyum’s corporate progress in 2019 included successful completion of a $25 million Series A funding round led by private equity investor IPM Group, with participation of the Slovak Government. “It is going to be a pleasure to continue working with the talented group of professionals that comprise Tachyum’s Slovakian R&D team.” “With a groundbreaking product like Prodigy imminent, Tachyum needs to position itself for sustained growth,” said Elena Zokhidova. During a recent visit to Hong Kong and Shenzen China Tachyum expanded relationships with potential customers, partners and investors in the data center looking to introduce the company’s Prodigy Universal Processor Chip as a transformational asset. Tachyum’s founders have a track record of solving problems caused by device physics in semiconductors, to deliver transformational products to global markets, and are backed by IPM Growth, the Central & Eastern European venture capital platform, as Tachyum’s lead investor.