Orange Digital Ventures and existing backer Alcor Micro both contributed to a $12.6m round for the solid-state drive technology developer.
NGD Systems, a US-based developer of computational-powered data storage hardware, closed a $12.4m series B round on Tuesday featuring Orange Digital Ventures, a subsidiary of telecommunications company Orange.
The round was led by venture capital firm Partech Ventures and included semiconductor technology manufacturer Alcor Micro and VC firm Benhamou Global Ventures (BGV). NGD secured a $4m credit facility with Silicon Valley Bank alongside the equity funding.
Founded in 2013, NGD Systems produces computational solid-state data drive (SSD) controllers that facilitate…
