Pliops, a provider of data processors for cloud and enterprise data centers, announced it has closed a $100 million Series D funding round, enabling the company to address the broad market opportunity for the Pliops Extreme Data Processor (XDP).
This latest investment brings the total investment in the company to more than $200 million since its founding in 2017. This 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.
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, according to the vendor. In parallel, the company is streamlining its global operations and team of experts in recognition of a changing business landscape.
By reliably accelerating performance in existing and new data centers, the Pliops XDP extends potential to crunch, store, analyze, and move data. Pliops helps companies get more from their growing data volumes and data center footprint, leading to reduced costs and energy consumption, according to the company.
Pliops continues to secure customers in a range of market segments—including global cloud service providers, enterprises and HPC—all of whom are seeking to accelerate and scale a wide range of data-intensive workloads.
“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, Pliops founder and CEO. “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.”
For more information about this funding announcement, visit www.pliops.com.