Nyriad Raises US$28M in Funding

Nyriad, a San Jose CA-based provider of innovative storage solutions, raised US$28M in funding.

The backers were not disclosed.

The company intends to use the funds to accelerate its global go-to-market and engineering efforts in the U.S. and worldwide.

Led by Herb Hunt, CEO, Nyriad provides storage solutions based on an architecture that combines GPUs and CPUs to deliver performance and efficiency, enabling massive amounts of data and multiple data types to be managed in a single storage system simple to deploy, operate, scale, and maintain. 

In October 2020, the company completed a financing of $8.3m to fund development and prepare its entry into the U.S. market. In September 2021, Nyriad announced it had relocated its global headquarters to the U.S. from New Zealand.