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Pliops Raises $100M in New Investment Round

Pliops has received $100 million in a new round of investments. Koch Disruptive Technologies (KDT), SK Hynix, State of Mind Ventures have joined the previous investors. In addition, the head of Walden International and chairman of the board of Cadence Lip-Bu Tan, who recently joined the board of directors of Intel, was added to these companies.

See also: Data science from scratch: first principles with Python

The previous $65 million investment round ended just last year. In addition to the listed companies, investors include AMD, Intel Capital, Nvidia, SoftBank Ventures Asia, Western Digital and many others.

Pliops was founded in 2017 by data storage experts. Then the startup was joined by the founder of Mellanox, who left it after being taken over by Nvidia, a graphics card manufacturer. Israeli startup Pliops has received more than $215 million in investments so far.

Related: Best laptop for Machine Learning review

An Israeli company is developing coprocessors of the XDP series, which are intended, in particular, to speed up the operation of Key-Value DBMS on flash arrays. The developers claim that in the future, DPU capabilities will be expanded and new solutions will be released as early as 2023. The company plans to use the funds received in the new round to develop the US market. In addition, Pliops hopes to attract enterprise customers, hyperscalers and HPC solution developers. However, there have been recent cuts in sales and marketing, according to CTech.

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