Compute-in-storage startup NGD raises $20m
Compute-in-storage pioneer NGD has raised $20m in a C-series round to develop production of its technology and invest in sales and marketing.
NGD Systems Raises $20 Million in Series C Funding to Accelerate the Deployment of the World’s First NVMe Computational Storage Drive
The latest round includes new investments from MIG Capital and Western Digital Capital Global, Ltd, that enables artificial intelligence, machine learning and edge computing within computational storage.
NGD raises $20 million for storage hardware designed to handle AI workloads
IDC predicts that worldwide data will grow 61% to 175 zettabytes by 2025, which will invariably put a strain on infrastructure as organizations look to sort, search, scan, and otherwise derive value from this data. That’s where NGD Systems comes in — it’s an Irvine, California-based company offering a computational storage drive tailor-made for on-device AI and machine workloads. To lay a runway for growth, NGD this week closed a $20 million series C financing round led by Western Digital Capital, with participation from existing investors including Orange Digital Ventures, Partech Ventures, BGV, and Plug-N-Play.
Data storage architecture poised for disruption in 2020
Experts predict edge computing, 5G and containers will fuel computational storage, new storage systems dedicated to container-based applications, and flash-based object stores.
Big Data Predictions: What 2020 Will Bring
The World Economic Forum predicts that the amount of data we produce will reach 44 zettabytes by 2020. Learn more about it here.
Digital Storage Projections For 2020, Part 2
Toshiba introduced during the 2019 Flash Memory Summit the XFMEXPRESS, targeted at mobile apps, automobiles, and gaming consoles.
NGD Systems 2020 Predictions: NVMe, 5G and Content Delivery Networks
As the amount of data intensively swells and impacts compute applications, a change in handling the growing strain produced will be necessary for 2020. Read what they are in this post.
NVMe Computational Storage Predictions For 2020: CDN, 5G And More
Nader Salessi, the CEO and NGD Systems’ founder, has predictions about how enterprises relying on the hyper-scale, edge, and CDN environments will store and process data in 2020. Read more here.
NVMe Computational Storage Reinvigorates Storage in a Novel Way
Computational storage (CS) offers a faster, more affordable and power-efficient way to store and analyze petabytes of data. Get started here.
What’s the difference between NVMe computational storage and storage computation in memory? Let’s find out
nCorium rejects the idea of performing compute in storage to accelerate storage IO; intends to deliver storage computation in memory. Find out more here.