Nvidia Part of $65 Million Investment in Israeli Storage Industry Startup Pliops
Koch Industries also invested.
Israeli startup Pliops has gotten a multi-million dollar vote of confidence from world video graphics leader Nvidia and the Koch Industries. The two took part in a $65 million round of investment in the company which which offers new tech that improves data performance.
Founded in 2017 by flash storage industry veterans from Samsung, M-Systems and XtremIO, Pliops says that it is creating a new category of product. The company enables cloud and enterprise data centers to access data up to 50X faster with 1/10th of the computational load and power consumption. Its technology collapses multiple inefficient layers into one ultra-fast device based on a groundbreaking patent-pending approach. Pliops boasts that its solution can solve the scalability challenges raised by the “cloud data explosion” and the increasing data requirements of AI and ML applications.
Pliops’ Storage Processor (PSP) is a hardware-based storage accelerator that enables cloud and enterprise customers to offload and accelerate data-intensive workloads using just a fraction of the computational load and power.
What if we told you that we can deliver the same performance levels as a DRAM-based solution, with up to 90% fewer #servers and 86% lower cost per GB? Would you be interested? https://t.co/BJbydjepHT#database #redis #data #dram #nosql #machinelearning #storage #pliops pic.twitter.com/KkEbHCTg7B
— Pliops (@PliopsLtd) February 23, 2021
Pliops says that the new money will be used to bring new levels of scale, speed and cost effectiveness of the Pliops’ storage processor to more customers in more ways. Through its storage processor, Pliops states that it substantially accelerates the processing of data-intensive applications in data centers.
“Pliops technology accelerates the fastest growing workloads that are driving demand for increased compute and storage performance in data centers,” noted Nimrod Gindi, senior vice president of investments at NVIDIA. “Combining NVIDIA data center GPU and DPU product lines with Pliops’ storage processor for accelerated cloud and machine learning solutions will provide exceptional performance and efficiency for our customers.”
“KDT is focused on making big bets on disruptive technology with huge market potential – which aligns perfectly with what we are doing at Pliops,” noted Uri Beitler, founder and CEO of Pliops. “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.”