January 30th, 2019 by Adam Armstrong
Pliops Raises $30 Million In Series B Funding
Today Pliops announced that it has received an additional $30 million in Series B funding. This funding round was led by SoftBank Ventures Asia, with participation from all Series A investors including Intel Capital, State of Mind Ventures (SOMV) and Viola Ventures, along with strategic investors Western Digital Capital and Xilinx Inc. This brings Pliops total funding to $40 million.
In 2017 a crew of flash storage veterans founded Pliops. These veterans come from companies such as Samsung, M-Systems, and XtremIO as well as team member from Amazon, Apple, and Intel. Pliops has created a new technology, a storage processor, to accelerate datacenter infrastructure that lowers cost of service while enabling greater scalability. The company claims that it allows cloud databases like MySQL or Cassandra deployed on disaggregated Flash to scale more efficiently via a 90% reduction in compute load, a 20x reduction in network traffic, a 50x improvement to latency and over 10x application throughput. Pliops currently has 8 core patents pending.
The company intends to use its new funds to accelerate development of its storage processor technology for cloud storage and database applications. Part of this acceleration will be in the form of expanding its teams in the US, Israel, and China.