Pliops and Kalray to Merge in AI Chip Industry Deal

Two tech giants, Kalray and Pliops, have been diligently working on merging their technologies for the past few months. The goal is to develop processors that can support generative AI and data storage acceleration. This collaboration is expected to bring about groundbreaking advancements in the tech industry.

According to reports, the terms of the merger stipulate that Kalray shareholders will own 65 percent of the combined entity, while Pliops' shareholders will hold the remaining 35 percent. In exchange for their shares in Pliops, Kalray plans to issue new shares to distribute to Pliops' shareholders, solidifying the partnership between the two companies.

Ido Bukspan, the CEO of Pliops and a former senior vice president of chip design at Nvidia, expressed his enthusiasm for the merger, stating, "The potential in this proposed merger between our two companies is tremendous. Combining our technological expertise, teams, and products will position us as a global leader in delivering innovative storage solutions for AI data acceleration."

Bukspan took on the role of CEO in June 2023 and has been instrumental in driving Pliops' growth since its inception in 2017. With approximately 120 employees spread across Israel, the U.S., and China, Pliops has raised around $200 million to support its innovative endeavors in the tech sector.

Eric Baissus, the CEO of Kalray, also shared his excitement about the merger, stating, "This proposed collaboration with Pliops presents a significant strategic opportunity for both companies. By leveraging our respective strengths, we aim to lead the global market in data acceleration solutions for storage and AI GPUs, offering our customers disruptive and valuable solutions."