Last deal

$27.3M

Amount

Venture - Series Unknown

Stage

05.01.2010

Date

3

all rounds

$54.4M

Total amount

date founded

Financing round

General

About Company
Pliant Technology is developing a new class of solid state storage devices.

Industry

Sector :

Subsector :

Keywords :

founded date

01.04.2006

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

Pliant's EFDs integrate seamlessly into existing enterprise systems and offer breakthrough performance and reliability improvements over traditional hard drives and consumer solid state storage devices. They are ideal for data-intensive enterprise applications and can replace multiple hard drives, saving power, space, and money. Pliant's EFDs are designed to meet the growing demand for "Green IT" by reducing energy consumption and physical space requirements. The company was founded in 2006 by a team with a successful track record in the storage industry.
Contacts
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M&A Details
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Transaction name

Acquired by

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announced date

16.05.2011

price

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Financials

Funding Rounds
4
3

Number of Funding Rounds

$54.4M

Money Raised

Their latest funding was raised on 05.01.2010. Their latest investor Lightspeed Venture Partners. Their latest round Venture - Series Unknown

Date 
Funding Round 
Investors 
Money Raised 
Lead 
05.01.2010
4
$27.3M
30.03.2009
4
$15M
Lightspeed Venture Partners

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Co-Investors
Investors
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1

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Number of investors

Investor 
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Partners 
Yes
Series B, Series C, Venture - Series Unknown
No
Series C, Venture - Series Unknown
No
Series C, Venture - Series Unknown
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Kevin Ober

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People

Founders
3
Mike Chenery
Mike Chenery

Mike Chenery

Mike Chenery is Co-Founder of Pliant Technology, Inc. and serves as its President. Mr. Chenery served as Vice President at Fujitsu Computer Products of America, Inc. He has more than 35 years of experience in the engineering industry. Prior to joining Fujitsu in 1995, he served as Vice President of Development at Andor Corporation where he was responsible for the development of remote dual copy storage controllers. Prior to this position, he served as Vice President of Engineering at Micropolis Corporation where his responsibilities included the development of a disk drive RAID subsystem. He has also served as Director of Engineering, Memorex Corporation; Manager of Engineering, Unisys Corporation; Firmware Engineering and European Product Manager Memorex Corporation; and Technical Support Engineer, Control Data Corporation. He earned his Bachelor of Science in Electrical Technology from the South-East London Technical College.

current job

Pliant Technology
Pliant Technology

organization founded

1

Mike Chenery

Doug Prins

Doug Prins Co-founded Pliant Technology Inc. and serves as its Chief Architect. Mr. Prins worked 10 years as an Engineering Consultant for Fujitsu Computer Products of America. He designed and prototyped a number of hardware and software algorithms, including a serial protocol handler that supports the Serial Attached SCSI and the Fibre Channel Arbitrated Loop protocols, and he was also awarded patents on caching algorithms. Prior to Fujitsu, he held a senior architecture and design position at QLogic, where he created several unique industry designs, including a patented disk formatter. He holds a B.S. degree in electrical engineering from the University of Michigan.

current job

Pliant Technology
Pliant Technology

organization founded

1

Doug Prins

Aaron Olbrich
Aaron Olbrich

Aaron Olbrich

Aaron Olbrich is a co-founder of Pliant Technology, Inc. and also serves as its Chief Technology Officer. Mr. Olbrich served as a Director of Hardware Architecture at Fujitsu Computer Products of America. During his six years at Fujitsu, he co-designed, and model software algorithms and hardware architectures. Prior to Fujitsu, he worked at IBM's disk drive division where he served as a Lead Engineer and was responsible for the development of a ground breaking two-actuator disk drive. He awarded two patents for technologies that resulted in best-in-class performance for Fujitsu's mobile and enterprise-class drives. He awarded two patents for his queuing algorithm design. Mr. Olbrich holds a B.S. Degree (Suma Cum Laude) in Electrical Engineering from Washington State University.

current job

Pliant Technology
Pliant Technology

organization founded

1

Aaron Olbrich

Employee Profiles
7

Doug Prins

Co-Founder/Chief Architect

Aaron Olbrich

Aaron Olbrich

CTO/Co-Founder

Richard Wilmer

CEO

Jim McCoy

Team Member

Amyl Ahola

CEO

William Dobbin

CFO

Mike Chenery

Mike Chenery

President/Co-Founder

Activity

Recent News
0