Pliops, a San Jose, CA-based leading provider of data processors for cloud and enterprise data centers, announced that it closed a $100 million Series D funding round, bringing total investment in the company to more than $200 million since its founding in 2017.
The round was led by Koch Disruptive Technologies (KDT) – with SK hynix, Lip-Bu Tan, Chairman of Walden International, and State of Mind Ventures Momentum, in addition to previous investors, also participating in the round.
This latest investment will be used to address the broad market opportunity for the innovative Pliops Extreme Data Processor (XDP).
Pliops will continue to build out its strong semiconductor, hardware, and software roadmap, while aggressively driving its vision of re-architecting the data stack and bringing ultra-scalability to data centers with customers and partners.
Company: Pliops Ltd.
Raised: $100.0M
Round: Series D
Funding Month: Aug 2022
Lead Investors: Koch Disruptive Technologies (KDT)
Additional Investors: SK hynix, Lip-Bu Tan, Chairman of Walden International, and State of Mind Ventures Momentum
Company Website: https://pliops.com/
Software Category: Data Processors for cloud and Enterprise Data
About the Company: Pliops was founded in 2017 by flash storage industry veterans from Samsung, M-Systems, and XtremIO. Pliops is creating a new category of product that enables cloud and enterprise data centers to access data up to 50X faster with 1/10th of the computational load and power consumption. Its technology collapses multiple inefficient layers into one ultra-fast device based on a groundbreaking patent-pending approach. Pliops' solution solves the scalability challenges raised by the cloud data explosion and the increasing data requirements of AI and ML applications. Pliops is a technology innovator focused on making data centers run faster and more efficiently. The company’s Extreme Data Processor (XDP) radically simplifies the way data is processed and flash is managed. Pliops overcomes storage inefficiencies to massively accelerate performance and dramatically reduce overall infrastructure costs for data-hungry applications. Pliops name one of the 10 hottest semiconductor startups in 2020 and 2021.
Source: https://www.globenewswire.com/news-release/2022/08/16/2499529/0/en/Pliops-Secures-100M-in-Series-D-Funding-as-Data-Center-Professionals-Continue-to-Rethink-Storage-Architectures.html