Pliops Valuation, Funding & Investors

Pliops is valued at $650M as of August 2022.

Last Pliops valuation

$650M

Series D · Aug 2022

Last Pliops funding round

$100M

Series D · Aug 2022

Cumulative funding Pliops raised

$205M

across 4 funding rounds

Key investors in Pliops

  • Intel Capital
  • State of Mind Ventures
  • SBVA
  • Viola Ventures
  • Koch Disruptive Technologies
  • Expon Capital

Pliops Overview

About Pliops

Pliops is an Israeli semiconductor company, founded in 2017, that develops data acceleration hardware for cloud and enterprise data centers. Its flagship product, the Pliops Extreme Data Processor (XDP), is a specialized chip that offloads computationally intensive analytics, storage, and data-processing workloads from CPUs, competing with solutions such as NVIDIA's BlueField DPU and Intel's Infrastructure Processing Unit. The company, based in Ramat Gan and Haifa, targets enterprise and cloud customers including fintechs, communication service providers, data center operators, and government labs.


Founded

2017

HQ

IsraelIsrael

Website

pliops.com

Status

Privately held

Customer focus

B2B

Revenue model

Product sales, Subscription

Valuation

$650M (Aug 2022)

Pliops Valuation

Pliops is currently valued at $650M, based on its Series D in August 2022.

The $100M round was led by Koch Disruptive Technologies, with participation from Lip-Bu Tan, Alicorn Venture Partners, State of Mind Ventures, SBVA, SK Hynix and 1 other investor.

Pliops valuation by funding round

Pliops valuation by funding round
DateStageValuation
Aug 2022Series D$650M

Pliops Funding History

Pliops has raised a total of $205M across 4 funding rounds.

Pliops' first fundraising round was a $10M Series A in October 2017. The most recent completed round was a $100M Series D in August 2022.

Pliops funding rounds

Pliops funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2022Series DKoch Disruptive Technologies (lead); Lip-Bu Tan; Alicorn Venture Partners; State of Mind Ventures; SBVA; SK Hynix; Intel Capital$100M$650MPliops is an Israeli semiconductor startup founded in 2017 that develops data acceleration solutions for cloud and enterprise data centers. The company's flagship product is the Pliops Extreme Data Processor (XDP), a specialized chip designed to accelerate analytics, storage, and data processing workloads by offloading computationally-intensive tasks from CPUs. The XDP became commercially available in July 2021 and is positioned to compete with solutions from NVIDIA (BlueField-3 DPU), Marvell (Octeon), Oracle (SPARC M7), and Intel (Infrastructure Processing Unit). In August 2022, Pliops closed a $100 million Series D funding round led by Koch Disruptive Technologies, with participation from SK Hynix, Lip-Bu Tan (chairman of Walden International), State of Mind Ventures Momentum, and previous investors. This round valued the company at approximately $650-700 million and brought total capital raised to over $200 million since founding. The funding was earmarked for expanding the hardware and software roadmap, building international headcount, and accelerating market adoption, particularly for machine learning use cases where data ingestion acceleration is critical. At the time of the round, Pliops had achieved early customer traction with deployments and pilots among unnamed customers including fintechs, communication service providers, data center operators, and government labs, demonstrating real-world validation of its technology in addressing enterprise data processing challenges.
Feb 2021Series CKoch Disruptive Technologies (lead); NVIDIA; Western Digital; State of Mind Ventures; Viola Ventures; SBVA; Expon Capital; Xilinx; Sweetwood Capital; Intel Capital$65M-Pliops is an Israeli startup developing a storage processor and database acceleration technology designed to revolutionize data and storage management in data centers by unlocking the full potential of SSD storage, exponentially improving cost, performance, and endurance for data-intensive applications. The company, founded by CEO Uri Beitler, chairman Arie Mergi, and CTO Moshe Twitto, has offices in Ramat Gan and Haifa, and targets enterprise and cloud customers with hardware accelerators that enable up to 100 times faster data access from flash storage using less electricity. On February 24, 2021, Pliops closed an oversubscribed $65 million funding round led by Koch Disruptive Technologies, with participation from all prior investors including State of Mind Ventures, Viola Ventures, Intel Capital, SoftBank Ventures Asia (SBVA), Expon Capital, Western Digital, Xilinx, Sweetwood Capital, and NVIDIA which increased its stake. This brought total funding to $115 million following a prior $30 million round in January 2019, positioning the Series C as preparation for product launch and market expansion. The funds will support scaling the technology to new use cases, expanding the product line including PCIe accelerators, cloud services, and ASIC integrations, doubling headcount by end-2021, and ramping resources for broad availability to existing customers in cloud and enterprise segments. Strategic investors like Intel Capital, NVIDIA, Western Digital, and Xilinx highlight potential synergies in storage and compute ecosystems. Pliops aims to address exponential data growth challenges with unprecedented scalability, as noted by CEO Beitler and KDT's Eli Groner, who praised its disruptive potential for current and future workloads in a large expanding market. The round also followed Eyal Waldman's addition to the board in late 2020.
Jan 2019Series BSBVA (lead); Western Digital Capital; CE Ventures (CEIIF); State of Mind Ventures; Viola Ventures; Expon Capital; Xilinx; Intel Capital$30M-Pliops, an Israeli startup developing cloud storage solutions and processors to improve performance for cloud, AI, and ML workloads, raised $30 million in its Series B funding round on January 30, 2019, led by SoftBank Ventures Asia (SBVA), with participation from Series A investors Intel Capital, State of Mind Ventures, and Viola Ventures, plus new strategic investors Western Digital Capital and Xilinx. This oversubscribed round brought total funding to $40 million, following a $10 million Series A in October 2017. The company aims to address scaling challenges from skyrocketing data volumes by transforming storage for consistent performance and simplified software stacks, claiming up to 50 times latency improvement and 10 times application throughput boost via APIs integrating with major cloud databases. Pliops plans to use the proceeds to accelerate processor technology development and expand teams in China, Israel, and the U.S., with a product debut scheduled later in 2019. The funding aligns with Gartner projections of 17.3% growth in the public cloud services market to $206.2 billion in 2019. Investors highlighted Pliops' elegant solution for data center efficiency, particularly for large cloud providers, enabling order-of-magnitude performance gains. Subsequent rounds included a Series C of $65 million in February 2021 and a Series D of $100 million in August 2022 at an undisclosed valuation, leading to total funding of $205 million before a pending acquisition in January 2026.
Oct 2017Series AIntel Capital (lead); State of Mind Ventures; Viola Ventures$10M-Pliops is an Israeli startup founded in 2017 that develops storage processor technology to accelerate data-intensive workloads in cloud and enterprise data centers. Intel Capital led the company's $10 million Series A round in 2017, with participation from State of Mind Ventures and Viola Ventures. The technology focuses on offloading storage functions from CPUs to improve performance, cost, and efficiency using hardware accelerators like the Storage Processor (PSP) and Extreme Data Processor (XDP). Subsequent rounds included a $30 million Series B in 2019 with Intel Capital, State of Mind Ventures, Western Digital Capital, Xilinx, and SoftBank Ventures Asia; a $65 million round in 2021 led by Koch Disruptive Technologies bringing total funding to $115 million; and a $100 million Series D in 2022 led by Koch Disruptive Technologies, increasing total investment over $200 million. Pliops has deployed products to customers including hyperscalers, fintechs, communication providers, and data center operators, with plans to expand hardware, software, and partnerships.

Who has invested in Pliops?

15 investors have backed Pliops across its funding rounds, including Intel Capital, State of Mind Ventures, SBVA, Viola Ventures, Koch Disruptive Technologies and Expon Capital.

Lead investors include Koch Disruptive Technologies, SBVA and Intel Capital.


Pliops Investors

Investors in Pliops by funding rounds participated
InvestorHQRoundsRoleFirst check
State of Mind VenturesIsraelTel Aviv4ParticipantOct 2017
Intel CapitalUnited StatesSanta Clara, CA4LeadOct 2017
Viola VenturesIsraelHerzliya3ParticipantOct 2017
SBVASouth KoreaSeoul3LeadJan 2019
Koch Disruptive TechnologiesUnited StatesWichita, KS2LeadFeb 2021
Expon CapitalLuxembourgLuxembourg2ParticipantJan 2019
XilinxUnited StatesSan Jose, CA2ParticipantJan 2019
NVIDIAUnited StatesSan Jose, CA1ParticipantFeb 2021
Western Digital CapitalUnited StatesLos Angeles, CA1ParticipantJan 2019
Western DigitalUnited StatesSan Jose, CA1ParticipantFeb 2021
Lip-Bu TanUnited StatesSan Jose, CA1ParticipantAug 2022
CE Ventures (CEIIF)Hong KongHong Kong1ParticipantJan 2019
Alicorn Venture PartnersUnited KingdomLondon1ParticipantAug 2022

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Pliops Competitors

Pliops competitors include listed companies like TRS Information Technology and Airship AI, and private ones like Reducto, Exodigo, Pinecone and Labelbox.

Public and private companies comparable to Pliops
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ReductoUnited StatesSan Francisco, CAPrivate--$605M-
ExodigoIsraelTel AvivPrivate$25M-$700M28.0x
PineconeUnited StatesUnited StatesPrivate--$750M-
LabelboxUnited StatesSan Francisco, CAPrivate$33M-$900M27.3x
TRS Information TechnologyChinaChinaPublicly listed$76M($20M)$1.7B19.7x
Airship AIUnited StatesUnited StatesPublicly listed$15M($5M)$67M3.6x
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Reconova Technologies$66M($8M)10.0x-(82.0x)-
PKSHA Technology$140M$47M4.1x2.4x12.2x10.7x
ExaWizards$77M$13M6.6x5.7x39.3x-
Beijing Hanyi Innovation$28M$5M15.6x13.9x89.9x50.9x
e-Hualu$69M($310M)24.1x-(5.4x)-
Beijing CTJ Info Tech$123M$13M5.3x4.9x51.3x34.6x
Ropeok Technology Group$23M($28M)18.6x-(15.2x)-
BTQ Technologies$226K($18M)1720.6x266.9x(21.8x)-

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Common questions about Pliops

When was Pliops founded?Pliops was founded in 2017.
Where is Pliops headquartered?Pliops is headquartered in Israel.
Is Pliops publicly listed?No, Pliops is a private, VC-backed company.
What is Pliops' valuation?Pliops was last valued at $650M in its Series D in August 2022.
How much funding has Pliops raised?Pliops has raised $205M across 4 funding rounds.
What was Pliops' last funding round?Pliops' last funding round was a $100M Series D in August 2022, led by Koch Disruptive Technologies.
Who are Pliops' investors?Pliops' investors include State of Mind Ventures, Intel Capital, Viola Ventures, SBVA, Koch Disruptive Technologies, Expon Capital, Xilinx, NVIDIA, Western Digital Capital, Western Digital and 5 others.
Which companies are comparable to Pliops?Companies comparable to Pliops include Reducto, Exodigo, Pinecone, Labelbox, TRS Information Technology and Airship AI.

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