What is NGD Systems?
Founded in 2013 and headquartered in Irvine, California, NGD Systems operates within the competitive software industry, specializing in computational storage solutions. This innovative approach aims to enhance data processing efficiency by bringing computation closer to the data itself, a critical development for data-intensive enterprise applications. The company's focus on this niche positions it to address the increasing demands for faster data access and processing in cloud computing, AI, and big data analytics.
How much funding has NGD Systems raised?
NGD Systems has raised a total of $44.8M across 6 funding rounds:
Private Equity
$6.3M
Series B
$12.4M
Unspecified
$4M
Series C
$20M
Debt
$1M
Debt
$1.2M
Private Equity (2016): $6.3M, investors not publicly disclosed
Series B (2018): $12.4M led by Benhamou Global Ventures, Alcor Micro, Orange Digital Ventures, and Partech Ventures
Unspecified (2018): $4M supported by Silicon Valley Bank
Series C (2020): $20M featuring Orange Digital Ventures, Partech Ventures, Western Digital Capital Global, Plug-N-Play, BGV, and MIG Capital Limited
Debt (2020): $1M backed by PPP
Debt (2021): $1.2M with participation from PPP
Key Investors in NGD Systems
Orange Digital Ventures
Orange Digital Ventures is the venture capital arm of Orange, a global telecommunications leader, focusing on investments in innovative technology companies that align with Orange's strategic interests in digital services and infrastructure.
Partech Ventures
Partech is a global investment firm that supports entrepreneurs at seed, venture, and growth stages. They invest across various technology sectors, providing capital and operational expertise to help companies scale and achieve significant market exits.
Benhamou Global Ventures
Benhamou Global Ventures (BGV) is a venture capital firm specializing in Enterprise 5.0 companies, focusing on cross-border innovation and the integration of intelligent machines with human ingenuity for enterprise automation.
What's next for NGD Systems?
With its recent major strategic investment and a substantial total funding history, NGD Systems appears poised for accelerated growth and market expansion. The company's focus on computational storage aligns with key industry trends, suggesting a strategic direction towards scaling operations and further developing its technology. Future endeavors will likely involve enhancing its product offerings, expanding its customer base, and solidifying its position as a leader in the evolving landscape of data storage and processing.
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