PLIOPS RAISES $65 MILLION IN ITS LATEST ROUND OF FUNDING

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.

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,” said 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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