Nyriad Inc. relocated its global HQs from New Zealand to USA as it prepares to launch the first storage solutions based on a new architecture that redefines how data is stored.
The architecture combines the power of GPUs and CPUs to deliver a combination of performance, resilience, and efficiency, enabling massive amounts of data and multiple data types to be managed in a single storage system that is simple to deploy, operate, scale, and maintain
The new HQs is in San Jose, CA. While development and engineering continue to reside in New Zealand, such capabilities will be expanded in other places wherever talents reside, including Silicon Valley.
“The fundamental nature of storage hasn’t changed much in 15 years, even as the world’s data and our reliance on it has grown exponentially with no end in sight,” said Herb Hunt, CEO. “The performance and resilience of data systems has never been more important to business success, but the approaches being used today are not fast enough, not resilient enough, inefficient and not up to the task.”
“Data and data management have the potential to be huge competitive advantages, but existing storage products focus on compensating for technical inadequacies,” he added. “Nyriad is building a new storage architecture from the ground up that empowers businesses to grow, adapt, and stay competitive in a data-driven world. We are excited to have closed a funding round and be bringing our HQs closer to our customers as we bring our revolutionary architecture to market.”
The HQs move follows a refocusing of Nyriad in late 2020, led by serial entrepreneur and Nyriad COB, Guy Haddleton. At the time, the company completed a funding round from existing shareholders and began to expand its executive leadership team.
The expanded executive team includes:
• Herb Hunt, CEO and director. 30+ years’ experience in senior leadership and strategic operational roles in global tech companies, including IBM, Siebel, and several start-ups.
• John Scaramuzzo, COO. 30+ years’ storage industry experience as an entrepreneur who led several successful exits, including Smart Storage, and executive positions with Western Digital, SanDisk, Seagate, and Maxtor.
• Steve Lance, CFO. 30+ years’ financial experience with tech companies, including SugarCRM, SumTotal Systems, KLA and Taulia, with multiple exits including an IPO and M&As.
• Dr. Stuart Inglis, CTO. 25+ years’ experience in IT architecture and software development and lead investor in numerous New Zealand tech companies.
• Kevan Pennington, chief of engineering operations. 30+ years’ experience in software and systems development, with emphasis on quality in agile paradigm, with companies such as Cubic Defense, BAE Systems, Airbus, General Dynamics, and Westinghouse Rail.
The company’s board of directors and board advisor are:
• Guy Haddleton, chairman. 20+ years’ experience in investing and high-growth start-ups, including co-founder and former CEO of Anaplan, which completed a $3 billion IPO and is listed on the NYSE
• Joanna Perry, director and chair of the audit and risk committee. 15 years’ experience in corporate governance on numerous boards, former partner of KPMG New Zealand, and former chairman of of the New Zealand Financial Reporting Standards Board
• Tim Miles, director. 20+ years’ experience in senior leadership roles including CEO of Spark Digital, Vodafone New Zealand, and Vodafone UK, and group CTO of Vodafone, Inc.
• Derek Dicker, director. 20+ years’ technology experience including senior executive roles with Intel, Integrated Device Technology, PMC-Sierra, Micro-Semi, and Micron Technology
• Herb Hunt, CEO and director
• Dr. Chong Sup Park, board advisor. 30+ years’ technology experience in leadership roles including CEO of Hyundai Electronics, chairman and CEO of Hynix Semiconductor (renamed SK hynix), chairman and CEO of Maxtor, and on boards including Seagate, Cloudian, and others