SanDisk among investors
December 13, 2012
Whiptail announced Thursday that it had raised $31 million in a Series C financing round that includes a strategic investment from flash foundry owner SanDisk. Ignition Partners, RRE Ventures and Spring Mountain Capital also contributed to the funding along with an unnamed ‘Silicon Valley Titan.’ Newly announced CFO, Catherine Chandler, will keep track of the funds, which will be used for additional engineering and global expansion.
The SanDisk investment in WHIPTAIL is via SanDisk Ventures, a newly formed strategic investment arm. SanDisk has been aggressively expanding its enterprise portfolio with the acquisition of solid state drive manufacturer Pliant Technologies and caching software supplier FlashSoft over the past 30 months.
Our Take: We have always been impressed with Whiptail’s engineering approach, which is focused on software features, connectivity and high availability. A strong partnership with a flash foundry owner rounds out a very powerful offering. SanDisk co-owns the world’s largest flash manufacturing facility with Toshiba. As flash lithography continues to shrink below 20 nanometers, characteristics of each manufacturer’s flash products will vary, making relations with foundry owners more and more strategic. – James E. Bagley
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