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.
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