Friday, February 16, 2018

NGD Systems Raises $12.4M For Solid State Storage

Irvine-based NGD Systems, a developer of solid state disk (SSD) controllers, has raised $12.4M in a Series B funding round, the company said this week. The funding was led by Partech Ventures, and also included Orange Digital Ventures, Alcor Micro and Benhamou Global Ventures (BGV). NGD Systems said it also raised $4M in a credit facility from Silicon Valley Bank in the financing. NGD Systems is led by Nader Salessi. The company, formerly known as NxGnData, was founded in 2013. More information »

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