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NGD Systems

NGD Systems
2013 FOUNDED
PRIVATE STATUS
31-40 EMPLOYEES
Series C LATEST DEAL TYPE
$26.5M LATEST DEAL AMOUNT
9 INVESTORS
Description

Developer of an intelligent storage platform designed to create a new category of storage devices that bring computation to data. The company's computational storage solutions use SSD storage solutions via its In-Situ Processing and allows to utilize core platforms in storage, HPC, server, rack and power solutions that is required for an optimal SW and HW ecosystem, enabling customers to create, manage and execute applications while satisfying the growth of edge, datacenters and AI.

Formerly Known As
NxGn Data
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Storage (IT)
Other Industries
Business/Productivity Software
Primary Office
  • 355 Goddard
  • Suite 200
  • Irvine, CA 92618
  • United States

+1 (949) 000-0000
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NGD Systems Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Later Stage VC (Series C) 10-Oct-2019 $26.5M 000.00 00000 Completed Generating Revenue
5. Early Stage VC (Series B1) 16-Aug-2018 00.00 0000 0000 Completed Generating Revenue
4. Early Stage VC (Series B) 22-Nov-2017 000.00 000.00 000.00 Completed Generating Revenue
3. Grant 17-Mar-2017 00000 000.00 Completed Generating Revenue
2. Early Stage VC (Series A) 31-Mar-2016 $10.1M $10.1M 000.00 Completed Generating Revenue
1. Grant 16-Dec-2015 $150K Completed Generating Revenue
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NGD Systems Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned
Series C 0,000,000 00.000000 00.00 00.00 00 00.00 000
Series B-1 000,000 00.000000 00.00 00.00 00 00.00 0.000
Series B 5,790,400 $0.000100 $2.5 $2.5 1x $2.5 19.34%
Series A 6,699,882 $0.000100 $1.69 $1.69 1x $1.69 22.38%
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NGD Systems Competitors (36)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Excelero Venture Capital-Backed San Jose, CA 00 000.00 0000000000 0 000.00
000000000 Formerly VC-backed Milpitas, CA 00 000.00 000000&0 000.00
0000000 Formerly VC-backed San Jose, CA 000.00 000000&0 000.00
0000 0000000 Formerly VC-backed Mountain View, CA 0000 00000 00000000000 00000
0000000 Venture Capital-Backed Sunnyvale, CA 000 00000 0000000000 0 00000
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NGD Systems Investors (9)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
MIG Private Equity Limited Partner Minority 000 0000 000000 0
Western Digital Capital Corporate Venture Capital Minority 000 0000 000000 0
7 Gate Ventures Venture Capital Minority 000 0000 000000 0
Orange Digital Ventures Corporate Venture Capital Minority 000 0000 000000 0
Partech Partners Venture Capital Minority 000 0000 000000 0
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NGD Systems Executive Team (8)

Name Title Board
Seat
Contact
Info
Nader Salessi Co-Founder, Chief Executive Officer & Chairman
Alfredo Talavera Chief Financial Officer
Vladimir Alves Ph.D Co-Founder, Chief Technology Officer & Board Member
Richard Mataya Co-Founder & Executive Vice President
Michael Yousef Senior Vice President, Sales

1 Former Executive

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NGD Systems Board Members (8)

Name Representing Role Since Contact
Info
Amir Nayyerhabibi Benhamou Global Ventures Chairman 000 0000
Daniel Flynn JD Western Digital Capital Board Observer 000 0000
Eric Buatois Benhamou Global Ventures Board Member 000 0000
Nader Salessi NGD Systems Co-Founder, Chief Executive Officer & Chairman 000 0000
Reza Malekzadeh Partech Partners Board Member 000 0000
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