NGD Systems manufactures NVMe Computational Storage Drives (CSDs) that perform AI, ML and advanced analytics inside the storage device using patented In‑Situ processing. Its CSDs combine localized compute and storage in industry-standard NVMe SSD form factors with capacities up to 32TB and are optimized for power efficiency. The drives are designed to eliminate data movement bottlenecks by processing data where it resides, significantly decreasing latency and network bandwidth requirements. NGD targets edge computing, data-intensive AI/ML applications, CDNs, hyperscale and other environments that require localized analytics and high-capacity, low-power storage. The company says it will use the $20M Series C to accelerate production, deployment and go-to-market activities including sales and marketing to meet growing edge and mass-data workloads. NGD has raised $45 million to date and cites customer validation such as Booking.com noting 12W power for a 32TB device with consistently low latency. NGD Systems develops computational storage devices that embed compute capability into SSDs via its proprietary controller technology, including a patented Elastic FTL algorithm and Advanced LDPC Engines. The company focuses on bringing computation to data to accelerate storage-centric processing. Proceeds from the recent financing will be used to accelerate commercialization, continue technology innovation, and migrate its 14nm SSD controller to mass production. NGD was founded in 2013 and is led by President and CEO Nader Salessi. It is based in Irvine, CA. To date the company has raised $26M in total capital.

Total raised

$36M

Funding rounds

3

Latest round

Series C

Latest activity

Feb 2020