NGD Systems Completes Series B Financing

Press release published by: http://www.prweb.com/
Source URL: http://www.prweb.com/releases/2018/02/prweb15199320.htm

NGD Systems, Inc., the leader in computational storage, announced today the completion of Series B round of financing with $12.4M. The round was led by new investor Partech Ventures with participation from Orange Digital Ventures. Existing investors Alcor Micro and Benhamou Global Ventures (BGV) also participated in the round. In addition, the company has received a $4M credit facility from Silicon Valley Bank (SVB).

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“NGD Systems is very pleased to announce the closing of our B-Series round,” said Nader Salessi, President and CEO of NGD Systems. “We see the strong participation of both our existing investors and our new lead investor as validation of both our technology, and explosive market opportunity.”

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