Nyriad has raised $8.5 million in venture capital for its resilient storage systems that are accelerated using graphics processing units (GPUs). Those storage systems are built to handle problems such as the simultaneous removal or failure of 20 hard disks at the same time.
The Cambridge, New Zealand-based company has now raised more than $11 million to date for its Nsulate software for managing large-scale storage arrays in data centers. The company is targeting the release of its first product in the first quarter of 2018.
Nyriad’s investors include Data Collective VC, Prelude Ventures of San Francisco, East Ventures, Idaten Ventures, and New Zealand Venture Investment Fund (NZVIF). Two New Zealand angel groups, Ice Angels and Enterprise Angels, plus several family desks participated in the funding round.
“I am thrilled by the support we have had from both the local and international investment communities,” said Nyriad CEO Matthew Simmons, in a statement. “Nyriad has a unique business proposition powered by a bold vision. This capital raise gives us the resources to achieve the next stage of our commercial objectives, so I personally thank all who made this funding round a success.”
Founded in 2014, Nyriad uses GPUs for converging computing and input/output tasks to minimize data movement during processing of large data sets, significantly improving power consumption and accelerating performance for next-generation data centers and supercomputers.
Nsulate is a GPU-accelerated block device that manages the storage array in Linux. The GPU does the resilience calculations and…