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- Pliops
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Aug 2022 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2022 | Series D | Koch Disruptive Technologies (lead); Lip-Bu Tan; Alicorn Venture Partners; State of Mind Ventures; SBVA; SK Hynix; Intel Capital | $100M | $650M | Pliops 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 2021 | Series C | Koch 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 2019 | Series B | SBVA (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 2017 | Series A | Intel 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Participant | Oct 2017 | ||
| 4 | Lead | Oct 2017 | ||
| 3 | Participant | Oct 2017 | ||
| 3 | Lead | Jan 2019 | ||
| 2 | Lead | Feb 2021 | ||
| 2 | Participant | Jan 2019 | ||
| 2 | Participant | Jan 2019 | ||
| 1 | Participant | Feb 2021 | ||
| 1 | Participant | Jan 2019 | ||
| 1 | Participant | Feb 2021 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Jan 2019 | ||
| 1 | Participant | Aug 2022 | ||
This data is available for Pro users. Sign up to see all 15 Pliops investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialPliops Competitors
Pliops competitors include listed companies like TRS Information Technology and Airship AI, and private ones like Reducto, Exodigo, Pinecone and Labelbox.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $605M | - | ||
| Private | $25M | - | $700M | 28.0x | ||
| Private | - | - | $750M | - | ||
| Private | $33M | - | $900M | 27.3x | ||
| Publicly listed | $76M | ($20M) | $1.7B | 19.7x | ||
| Publicly listed | $15M | ($5M) | $67M | 3.6x |
Pliops Public Comps
Pliops is still privately-owned, but its public comps include Reconova Technologies, PKSHA Technology, ExaWizards, Beijing Hanyi Innovation, e-Hualu, Beijing CTJ Info Tech, Ropeok Technology Group, BTQ Technologies, Zhongfu Information and Rezolve AI.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $66M | ($8M) | 10.0x | - | (82.0x) | - | |||
| $140M | $47M | 4.1x | 2.4x | 12.2x | 10.7x | |||
| $77M | $13M | 6.6x | 5.7x | 39.3x | - | |||
| $28M | $5M | 15.6x | 13.9x | 89.9x | 50.9x | |||
| $69M | ($310M) | 24.1x | - | (5.4x) | - | |||
| $123M | $13M | 5.3x | 4.9x | 51.3x | 34.6x | |||
| $23M | ($28M) | 18.6x | - | (15.2x) | - | |||
| $226K | ($18M) | 1720.6x | 266.9x | (21.8x) | - | |||
This data is available for Pro users. Sign up to see all Pliops competitors and their valuation data. Start Free Trial | ||||||||
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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