That makes sense, but then maybe capitalize the E. I think that would make more sense orthographically anyway to signify that each letter represents a word.

At first I was trying to think of words that start with "ne-" before I clicked through and realized "E" stood for something on its own :-)

My instinct was to pronounce it "knee dee bee", so I think there's definitely an ambiguity there. On the other hand, that didn't stop people from naming GIF, SQL, or nginx, so I don't see why it should stop you.