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Data centre processor designer raises $100m, cuts back sales

Data centre processor designer raises $100m, cuts back sales

Business news |
By Nick Flaherty



Pliops in the US has raised $100m for its Extreme Data Processor (XDP) for data centres but at the same time is cutting back on its global operations, ie sales, ahead of the chip downturn.

Pliops says it will use the funds to expand its semiconductor, hardware and software roadmap, while aggressively driving its vision of re-architecting the data stack in data centres. However it is also streamlining its global operations and team of experts in recognition of a changing business landscape. It does point out that it continues to secure customers in a range of market segments, including global cloud service providers, enterprises and high performance computing.

“With the trust of our existing customers and partners, and our commitment to align company resources with the current economic climate, this funding round will accelerate our market adoption and help move us closer to becoming the market leader,” said Uri Beitler, founder and CEO of Pliops.

The Series D round doubles the total funding to $200m since 2017 and was led by Koch Disruptive Technologies (KDT) along with Lip-Bu Tan, Chairman of Walden International who recently joined the board of Intel, and State of Mind Ventures Momentum as new investors.

A key new investor is Korean memory and solid state drive supplier SK Hynix.

“As NVMe storage becomes even more critical for data-intensive applications and workloads in the data center, we continue to invest in innovative technologies that tackle bottlenecks in traditional infrastructure,” said Jin Lim, Head of Solution Lab (SOLAB) at SK hynix. “Pliops technology is well-aligned with our storage, and we consider it an important tool and stepping stone toward next-generation storage systems that maximize the potential of data applications, including AI/ML and data analytics.”

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More on the Pliops architecture 

Like European universal processor designer Tachyum, Pliops has had to call its chip something other than a storage processor. The XDP crunches, stores, analyzes and moves data to reduce costs and energy consumption. Despite the downturn, data centres chips are still an area of growth.

The chip provides hardware-accelerated in-line transparent lossless compression to free up the host CPU and reduce drive space by 50% or more over software-based compression. It provides a configurable volumes and compression expand user capacity up to 6x and uses an advanced indexing algorithm to map variable-sized compressed objects, eliminating wasted space when aligning to fixed drive sector sizes.

“The ability to monetize data faster and get much more while paying much less is the core priority of every organization, especially in times of market volatility,” said Beitler. “Our transformative product offers this exact unique capability, making it imminent that Pliops XDP will be the cornerstone of every modern data centre.

Lip-Bu Tan is also chairman of Cadence Design Systems, which is facing a lawsuit from Tachyum over failed IP.

www.pliops.com.

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