*NEWS: Five Years in the Making: Fog Computing Startup Launches New Platform
A startup that specializes in fog computing – a process that reverses the traditional process of moving large amounts of data to a server, and instead brings computing power directly to where the data is generated – has introduced a new platform.
NGD Systems, with HQ in Irvine, (see related story here), has introduced its “Newport” platform.
The key is that it contains computational resources within its solid-state drive so users can manage data within the storage device. That basically unclogs the data freeway between the stored data and the destination of memory, or CPU.
The controller provides lower-power consumption for users, addressing the fact that power in data centers and”edge” platforms is becoming a premium part of design requirements.
Another benefit is the opportunity to scale quickly, NGD co-founder and CEO Nader Salessi told OC Startups Now.
“Overall, the Newport platform represents the next step in solving the issue in managing the growing data we are all creating and need to analyze,” he said.
About a year ago, NGD raised more than $12 million in a Series B round to develop and manufacture its hardware.
The company is in the process of evaluating a Series C raise, which would be used for go-to- market support, as the R&D for the initial platform is complete, a spokesperson told OC Startups Now.
NGD announced its new platform in a March 6 press release.