# Nyriad

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nyriad

- Industry: Software
- Headquarters: New Zealand
- Website: www.nyriad.com
- Total disclosed funding: $8.5M
- Latest round: Series A (Feb 6, 2018)
- Investors on record: 7

## About

Nyriad Limited develops advanced data management and storage solutions, addressing the critical needs for efficient and reliable computing infrastructure across various sectors.Founded in 2014 and headquartered in New Zealand, Nyriad Limited specializes in high-performance data storage solutions. The firm has completed 6 funding rounds, with the most recent being a Series C round in November 2021, where it raised USD 28.00 mn, bringing the total amount raised to USD 28.00 mn. CEO Derek Dicker leads the company, which has focused on enhancing its product offerings and market reach without known changes in its operational strategy or structure.Nyriad specializes in advanced data management and storage solutions designed to address the increasing demands for efficient and reliable computing infrastructure. Their core product offerings encompass high-performance storage systems and software solutions that optimize data processing and retrieval, catering to sectors such as enterprise IT, media and entertainment, and scientific research. These products are engineered to enhance data accessibility and protect against downtime, ultimately streamlining workflows for businesses that handle large volumes of data. Nyriad's client base includes organizations requiring robust data solutions, particularly in North America, Europe, and parts of Asia, where there is a significant demand for scalable and resilient storage technologies. The end users of Nyriad's offerings typically consist of IT departments and data-centric teams within enterprises looking to improve operational efficiency and data integrity.Nyriad's revenue model is primarily structured around B2B transactions, focusing on partnerships with enterprises that require specialized data storage solutions. The company engages in direct sales of its flagship products, which include proprietary storage systems optimized for high throughput and low latency. Revenue generation occurs through the sale of these products, which are often accompanied by support and maintenance services that ensure ongoing performance. The pricing structure typically reflects the complexity and capacity of the storage solutions, tailored to meet the specific needs of clients across various industries. By fostering long-term relationships with its customers, Nyriad establishes a stable revenue stream through both initial purchases and recurring support agreements, further enhancing the value proposition for its clients.In November 2021, Nyriad Limited raised USD 28.00 mn in Series C financing from unspecified investors. The company will use the funding to accelerate its global go-to-market and engineering efforts, particularly in the U.S. market and worldwide. Future growth initiatives include the design and launch of new products aimed at enhancing their existing offerings, although specific release dates have not been disclosed. Nyriad also plans to expand its market presence, targeting new geographic regions to meet the growing demand for their advanced data storage solutions.

## Funding rounds

- Series A, Feb 6, 2018, $8.5M — New Zealand Growth Capital Partners, Prelude Ventures, DCVC, East Ventures, ICE Angels, Enterprise Angels, IDATEN Ventures

## Investors

- New Zealand Growth Capital Partners — Series A
- Prelude Ventures — Series A
- DCVC (https://capitalatlas.ai/funds/dcvc) — Series A
- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Series A
- ICE Angels — Series A
- Enterprise Angels (https://capitalatlas.ai/funds/enterprise-angels) — Series A
- IDATEN Ventures (https://capitalatlas.ai/funds/idaten-ventures) — Series A