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Enterprises are said to be awash in data, and one of the problems posed by all this data is not just storing it, but processing it. Storage architectures have by and large been keeping up with the capacity problem, while the introduction of flash has also given storage a much-needed speed-up over the past decade, significantly boosting the performance of transactional workloads such as databases as well as file, block, and object storage.

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.

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.