Scoop has an Ethical Paywall
Nyriad Successfully Completes Series B Capital Raise
Nyriad today announced it has completed its Series B round of NZD 11m in financing from existing shareholders and simultaneously converted a NZD 22m convertible note into equity. The company now has NZD 15m in cash to fund its market entry into the US.
New Zealand will remain the Company’s technical center-of-gravity supported by a US based head office, business development, product management and marketing teams.
This new round enables Nyriad to initiate international commercialization of its innovative, disruptive technology, the Nyriad High Performance Storage Controller. Guy Haddleton, newly appointed Chair, said “Nyriad has the opportunity to transform the global storage industry with its ground-breaking controller. This funding allows Nyriad to confidently expand into the US and build a significant software business”.
Other board members include Joanna Perry, Tim Miles and Herb Hunt - who has been appointed CEO.
John Mazenier: Gaffer Tape And Glue Delivering New Zealand’s Mission Critical Services
Earthquake Commission: Ivan Skinner Award Winner Inspired By Real-life Earthquake Experience
Reserve Bank: Consultation Opens On A Digital Currency For New Zealand
NIWA: Ship Anchors May Cause Extensive And Long-lasting Damage To The Seafloor, According To New Research
New Zealand Customs Service: A Step Forward For Simpler Trade Between New Zealand And Singapore
Horizon Research: 68% Say Make Banks Offer Fraud Protection
