The venture capital arm of Japan’s SoftBank Group led a US$30 million Series B funding in which all Series A investors Intel Capital, State of Mind Ventures and Viola Ventures participated.
Pliops said it will use the funds to accelerate development of its storage processor technology for cloud storage and database applications. It also plans to expand its teams in the US, Israel and China.
“We are solving critical problems for database and storage architects, and doing it in a way that is both elegantly simple and amazingly efficient,” said Softbank Ventures Asia CEO and Managing Director Lee Joon-pyo.
“There is tremendous pent-up demand worldwide for solutions that enable next-generation data centers to perform and scale more efficiently, particularly in large cloud providers’ environment.”
Pliops was founded in 2017 by storage system experts who led Samsung’s SSD Controller Development Center in Israel.
By Park Ga-young (firstname.lastname@example.org)