Pliops

Headquarters: San Jose, Calif.

CEO: Uri Beitler

Funding: $65 Million in Venture Funding round

Investors: Led by Koch Disruptive Technologies (KDT) with participation from all current investors including State of Mind Ventures (SOMV), Viola Ventures, Intel Capital, Softbank Ventures Asia, Expon Capital, Western Digital, Xilinx and Sweetwood Capital. Nvidia also increased its equity share in the company.

What Pliops does: Pliops develops storage processor technology that uses low-cost QLC NAND to improve storage system performance.

CEO Quote: “With data storage – and the computational requirements for processing that data – growing at an exponential rate, status quo approaches fall short. Our solution takes a new approach that enables unprecedented scalability in data centers. Additionally, to have a partner as important as Nvidia increase their investment in Pliops is a huge vote of confidence. We are committed to growing our technology to its maximum potential, and look forward to strategic, long-term partnerships with our investors and customers.”