Led by Koch Disruptive Technologies (KDT) – with SK hynix, Lip-Bu Tan, Chairman of Walden International, and State of Mind Ventures Momentum, among those participating in the round – this latest investment will be used to address the broad market opportunity for Pliops’ Extreme Data Processor (XDP).
Pliops said that it would use the new funding to build out its semiconductor, hardware and software roadmap, while driving its vision of re-architecting the data stack and bringing ultra-scalability to data centres. In parallel, the company is streamlining its global operations and team of experts in recognition of a changing business landscape.
“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, Koch Disruptive Technologies. “Pliops brings novel solutions to this enormous industry-wide challenge that address real pain points.”
By reliably accelerating performance in existing and new data centres, the Pliops XDP looks to improve the storage, analysis and movement of data while reducing costs and energy consumption.
"As NVMe storage becomes even more critical for data-intensive applications and workloads in the data centre, 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 maximise the potential of data applications, including AI/ML and data analytics.”
Pliops has continued to secure customers in a range of market segments, all of whom are seeking to accelerate and scale a wide range of data-intensive workloads.
“The ability to monetise data faster and get much more while paying much less is the core priority of every organisation, 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 centre.”
