Pliops Closes $65M Funding Round to Skyrocket Data Center Efficiency, Starts Countdown to Product Launch
Technology innovator Pliops announced today that it has closed a $65 million oversubscribed funding round, led by Koch Disruptive Technologies (KDT). All current investors, including State of Mind Ventures (SOMV), Viola Ventures, Intel Capital, SoftBank Ventures Asia, Expon Capital, Western Digital, Xilinx, and Sweetwood Capital participated, with NVIDIA increasing its share. This news positions Pliops for its goal: delivering game-changing value for enterprise and cloud customers.
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The investment will be used to bring the new levels of scale, speed and cost effectiveness promised by Pliops’ storage processor to more customers in more ways. A hardware-enabled storage engine deployed in a PCIe card form factor or as a cloud service, the storage processor unlocks the full potential of SSD storage by exponentially improving cost, performance and endurance. Through its storage processor, Pliops substantially accelerates the processing of data-intensive applications in data centers.
“Pliops is effectively reinventing the approach to one of the most critical, data-intensive challenges in a very large, expanding market,” sPliops d KDT Managing Director Eli Groner. “The Pliops technology has broad applicability to not only today’s workloads, but the emerging workloads of tomorrow.”
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On a mission to revolutionize the way data and storage are managed in the data center, the company plans to scale its technology into new use cases, expand its product line, and double the size of the company by the end of 2021. Pliops has expanded its executive team globally and is ramping up its resources as it moves into its next stage: to deliver broad availability of its storage processor and to expand value for their impressive list of existing customers.
Of key importance to Pliops is enabling more customers by delivering their solution in multiple forms. Whether on premises, in the cloud, integrated with customer products, or built into an ASIC, Pliops is engaged with leaders in the cloud service provider and broader enterprise market segments seeking to accelerate a wide range of data-intensive workloads.
While fundamental issues like efficient data structures and dynamic capacity management have been studied for years, Pliops’ novel combined hardware and software approach has motivated leaders in data store and processing to invest in the company. Likewise, many of the largest cloud data center providers and users, as well as leading storage innovators like Percona, SAKURA internet and Intel, have publicly recognized the potential impact of Pliops’ innovations – and are collaborating as customers and partners.
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