Pliops has raised $100 million in a Series D funding round, bringing its total funding round to more than $200 million since its founding in 2017.
The company develops the Pliops Extreme Data Processor for enterprise data centers and cloud facilities, which it claims boosts the performance of databases and other apps that run on flash memory.
“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,” Uri Beitler, Pliops founder and CEO, said.
“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.”
The Pliops data processor competes with Nvidia's BlueField-3 DPU, Marvell's Octeon, and Oracle's SPARC M7. Intel also has an Infrastructure Processing Unit, building upon its SmartNIC platform.
Koch Disruptive Technologies, SK hynix, Lip-Bu Tan (chairman of Walden International), and State of Mind Ventures Momentum led the latest round.
“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 the solution lab 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.”