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Nyriad CEO Herb Hunt: We’re Building ‘Breakthrough’ Storage Technology That Gets Better Performance At ’Higher Resilience, Higher Consistency’

While Herb Hunt, CEO of New Zealand-based storage startup Nyriad, is not yet ready to talk specifically about the company’s technology, he is ready to talk about its new $28 million funding round and the move to set up headquarters in the U.S.

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What is Nyriad? 

It’s a company originally from New Zealand. I was asked to become CEO in October 2020, had a very solid look at it in the month or so before as to what they had technically, etc., and got quite excited by what I saw. So here we are. So I’ve been the CEO for about a year now and have been working on building the team. Our development efforts are primarily in New Zealand and will continue to primarily be in New Zealand. We have a few specialists in the U.S. that we’ve hired for specific technical tasks, not very many, a handful. We’ve moved the company from New Zealand to the U.S. to be closer to our markets fundamentally. Myself, the CFO, the chief operating officer who focuses on the sales, marketing and product management side of the business are all in the U.S. Our headquarters will be in Silicon Valley. We’re just in the middle actually of deciding what the address will be. We’ll have it probably in two weeks or something. We’re putting offers out to various landlords this week. I don’t know whether you know much about the Valley, but there are periods when you can negotiate and other periods when you’re lucky if you can find real estate. This is the former.

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