San Jose California based Pliops is raising $100,000,000.00 in New Equity Investment.
San Jose, CA – According to filings with the U.S. Securities and Exchange Commission, Pliops is raising $100,000,000.00 in new funding. Sources indicate as part of senior management Chairman, Aryeh Mergi played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Pliops
Pliops was founded in 2017 by flash storage industry veterans from Samsung, M-Systems and XtremIO. Pliops is creating a new category of product that 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? solution solves the scalability challenges raised by the cloud data explosion and the increasing data requirements of AI and ML applications.
To learn more about Pliops, visit http://www.pliops.com/
Contact:
Aryeh Mergi, Chairman
408-818-8668
aryehm@pliops.com
https://www.linkedin.com/in/aryehm/
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