With the completion of a $100 million Series D funding round, Pliops, a supplier of data processors for cloud and enterprise data centers, has raised a total of more than $200 million since its creation in 2017.
This most recent investment, which is being led by Koch Disruptive Technologies (KDT), will be used to address the expansive market opportunity for the “ground-breaking” Pliops Extreme Data Processor (XDP). Other participants in the round include SK Hynix, Lip-Bu Tan, Chairman of Walden International, and State of Mind Ventures Momentum.
Pliops will actively pursue its objective of re-architecting the data stack and bringing ultra-scalability to data centers with clients and partners while also expanding its strong semiconductor, hardware, and software roadmap. In response to a shifting business environment, the corporation is also simplifying its global operations and expert team.
“Accessing and using your data efficiently is critical to business success – particularly in a world of exponential data growth and storage requirements,” said Eli Groner, Managing Director at Koch Disruptive Technologies. “Pliops brings novel solutions to this enormous industry-wide challenge that address real pain points.”
Expanding Data Center Footprints
The Pliops XDP would enhance the capacity to crunch, store, analyze, and move data by reliably boosting performance in new and current data centers. Pliops assists businesses in maximizing the use of their expanding data center footprints and data volume, which results in lower costs and energy usage.
“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,” said Jin Lim, Head of Solution Lab (SOLAB) at SK hynix. “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 expects continues client interest from a variety of industry sectors, including enterprises, global cloud service providers, and HPC, who all would seek to expand and accelerate a variety of data-intensive applications.
“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,” said Uri Beitler, Founder and CEO of Pliops. “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.”