What is NGD Systems?
Headquartered in Irvine, California, NGD Systems is a pioneering software and hardware entity specializing in computational storage solutions. Founded in 2013, the company addresses the critical bottleneck of data movement in large-scale computing environments by enabling processing directly within the storage device. This approach significantly reduces latency and power consumption, providing a competitive edge for data-intensive applications in AI, machine learning, and cloud infrastructure. By integrating advanced ASIC design with intelligent software, NGD Systems offers a unique value proposition that aligns with the evolving needs of global enterprise clients seeking to optimize their data center efficiency.
How much funding has NGD Systems raised?
NGD Systems has raised a total of $44.8M across 6 funding rounds:
Private Equity
$6.3M
Unspecified
$4M
Series B
$12.4M
Series C
$20M
Debt
$1M
Debt
$1.2M
Private Equity (2016): $6.3M, investors not publicly disclosed
Unspecified (2018): $4M led by Silicon Valley Bank
Series B (2018): $12.4M supported by Alcor Micro, Orange Digital Ventures, Partech Ventures, and Benhamou Global Ventures
Series C (2020): $20M featuring Plug-N-Play, MIG Capital Limited, Western Digital Capital Global, BGV, Orange Digital Ventures, and Partech Ventures
Debt (2020): $1M backed by PPP
Debt (2021): $1.2M with participation from PPP
Key Investors in NGD Systems
Partech Ventures
A global investment firm with a strong track record in deep tech and hardware, providing both capital and operational expertise to growth-stage companies.
Orange Digital Ventures
The venture arm of a leading global telecommunications operator, focusing on IT and infrastructure services that support multinational enterprise connectivity.
Benhamou Global Ventures
A Silicon Valley-based VC firm specializing in Enterprise 5.0 and cross-border innovation, targeting startups that integrate intelligent machines into enterprise automation.
What's next for NGD Systems?
Looking ahead, the recent capital injection positions NGD Systems to accelerate its product roadmap and expand its footprint in the global semiconductor and enterprise storage markets. The strategic focus will likely center on deepening its integration with cloud-native architectures and enhancing its software-defined storage stack to meet the demands of next-generation AI workloads. As the company matures, the emphasis will shift toward scaling its commercial operations and fostering deeper partnerships with major telecommunications and IT service providers. With a solid foundation of institutional backing, NGD Systems is well-equipped to navigate the complexities of the hardware-software ecosystem and maintain its trajectory as a key innovator in the computational storage domain.
See full NGD Systems company page
