Pliops, a Ramat Gan, Israel-based provider of cloud storage solutions, raised $30m in Series B funding.
The round, which brought the total amount raised to date to $40m, was led by SoftBank Ventures Asia, with participation from Series A investors Intel Capital, State of Mind Ventures (SOMV) and Viola Ventures, along with strategic investors Western Digital Capital and Xilinx Inc.
The company intends to use the funds to accelerate development of its storage processor technology for cloud storage and database applications, including expansion of its teams in the US, Israel and China.
Founded in 2017 by flash storage industry veterans from Samsung, M-Systems and XtremIO and led by Uri Beitler, CEO, Pliops is creating a new category of product that enables cloud and enterprise data centers to access data faster with low computational load and power consumption, solving the scalability challenges raised by the cloud data explosion and the increasing data requirements of AI and ML applications. With eight core patents pending to date, the company’s storage processor allows cloud databases like MySQL or Cassandra deployed on disaggregated Flash to scale efficiently via a reduction in compute load, network traffic, and improvement to latency and application throughput.
Pliops’ offering uses standard APIs to integrate with major cloud databases, as well as big data, software defined storage (SDS), hyperconverged infrastructure (HCI), high performance computing (HPC), telco, edge and all flash array (AFA) architectures.
President and chief business officer Steve Fingerhut, based in San Jose, will lead global expansion and oversee the company’s product debut planned for mid-2019.