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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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Talk about Nyriad's technology. 

I’m not going to spend a whole lot of time on the technology today because we’re not ready to disclose it. We believe we’re building, and we’re going to deliver in in the early part of next year, a breakthrough [storage] technology that basically gets better performance at higher resilience and higher consistency. And its TCO [total cost of ownership] and simplicity are better [than what’s available], but I’m not going to tell you anything about how we do it. ... We have lots of competitors, obviously. It’s a tough market. And we’d prefer not to let anybody know what we’re doing until we actually have to because we’re releasing product into the market and need to explain to customers how it works.

Can you at least tell us if it's a hardware or software technology? 

So what I’ll tell you is that we build software and we custom-configure hardware components from—I won’t say you can buy them all from Best Buy because you can’t— but it’s just completely standard hardware components.

Nyriad has mentioned combining GPUs and CPUs in its architecture. Is this a unique move on Nyriad's part? 

Yes, our architecture uses both. … We use both because we need to use both for what we’re doing. And that’s in a way what leads to the distinct advantage we think we will have when we bring this to market next year.

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