Pliops Raises $30 Million in Series B Funding Led by SoftBank Ventures Asia to Transform Data Center Infrastructure for Cloud, AI and ML
January 30, 2019 / PR Newswire
Pliops, an innovator in cloud storage solutions, today announced that it has received a $30 million Series B funding 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. The oversubscribed round brings the total invested in Pliops to date to $40 million, including the October 2017 Series A funding of $10 million. Pliops will 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. Recently-appointed president and chief business officer Steve Fingerhut, based in San Jose, will spearhead global expansion and oversee the company's product debut planned for mid-2019.