The Series D funding round, led by Koch Disruptive Technologies (KDT), brings total investment in the company to over $200m since its inception in 2017
Pliops has raised $100m in Series D funding round (Credit: Wynn Pointaux from Pixabay)
Pliops, a provider of data processors for cloud and enterprise data centres, has raised a $100m in Series D funding round to address the broad market opportunity for its Extreme Data Processor (XDP).
The Series D funding round, led by Koch Disruptive Technologies (KDT), brings total investment in the company to over $200m since its inception in 2017.
SK hynix, Lip-Bu Tan, chairman of Walden International, and State of Mind Ventures Momentum along with the previous investors also participating in the round
Established in 2017, Pliops is said to provide data processors for cloud and enterprise data centres.
Koch Disruptive Technologies managing director Eli Groner said: “Accessing and using your data efficiently is critical to business success – particularly in a world of exponential data growth and storage requirements.
“Pliops brings novel solutions to this enormous industry-wide challenge that address real pain points.”
Pliops aims to strengthen its semiconductor, hardware and software roadmap along with re-architecting the data stack and bringing ultra-scalability to data centres with customers and partners.
Simultaneously, the company optimises global operations and a team of experts in response to a changing business landscape.
Pliops founder and CEO Uri Beitler said: “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.
“Our transformative product offers this exact unique capability, making it imminent that Pliops XDP will be the cornerstone of every modern data centre.
“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 XDP expands the potential to store, crunch, analyse, and move data by advancing its performance in existing and new data centres.
According to the company, it enables businesses to get more out of their growing data volumes and data centre footprint, resulting in lower costs and energy consumption.