Pliops announced that it closed an additional $100 million Series D funding round bringing the total investment in the company to over $200 million since starting in 2017. Pliops provides data processors for cloud and enterprise data centers and recently released the Pliops Extreme Data Processor (XDP).
Pliops announced that it closed an additional $100 million Series D funding round bringing the total investment in the company to over $200 million since starting in 2017. Pliops provides data processors for cloud and enterprise data centers and recently released the Pliops Extreme Data Processor (XDP).
This round of funding was led by Koch Disruptive Technologies (KDT), with SK hynix, Lip-Bu Tan, Chairman of Walden International, and State of Mind Ventures Momentum, and previous investors participating in the round. This latest investment will be used to address the broad market opportunity for the Pliops XDP. Pliops will continue to build out its semiconductor, hardware, and software roadmap while driving its vision of re-architecting the data stack and bringing ultra-scalability to data centers. At the same time, the company is streamlining its global operations and team of experts, recognizing the change in the business landscape.
Koch Disruptive Technologies managing director Eli Groner said:
“Accessing and using your data efficiently is critical to business success – particularly in a world of exponential data growth and storage requirements. Pliops brings novel solutions to this enormous industry-wide challenge that address real pain points.”
The Pliops XDP accelerates performance in existing and new data centers and extends the potential to crunch, store, analyze and move data. Pliops helps companies get more from their growing data volumes and data center footprint, leading to higher performance, reliability, and storage capacity at reduced costs.
Jin Lim, Head of Solution Lab (SOLAB) at SK Hynix, explained the investment this way:
“As NVMe storage becomes even more critical for data-intensive applications and workloads in the data center, we continue to invest in innovative technologies that tackle bottlenecks in traditional infrastructure. Pliops technology is well-aligned with our storage, and we consider it an important tool and stepping stone toward next-generation storage systems that maximize the potential of data applications, including AI/ML and data analytics.”
Pliops continues to grow its customer base in a range of market segments, including global cloud service providers, enterprises, and HPC, with a common goal to accelerate and scale a wide range of data-intensive workloads.
Uri Beitler, Pliops founder, and CEO, noted:
“The ability to monetize data faster and get much more while paying much less is the core priority of every organization, especially in times of market volatility. Our transformative product offers this exact unique capability, making it imminent that Pliops XDP will be the cornerstone of every modern data center. With the trust of our existing customers and partners, and our commitment to align company resources with the current economic climate, this funding round will accelerate our market adoption and help move us closer to becoming the market leader.”
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