SanDisk Corporation, the publicly traded, Milpitas, Calif.-based flash memory stage company, has launched a new venture capital “iniative” to invest in startups that align with SanDisk’s interests. Toward that end, the company has made its first investment in Whiptail, a data storage company that designs energy-efficient enterprise infrastructure equipment and that is located in Whippany, N.J.
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WhipTail, a Whippany, N.J.-based flash based storage company, has raised a $31 million Series C round of funding from SanDisk, Ignition Partners, RRE Ventures and Spring Mountain Capital. Silicon Valley Bank provided debt financing and the company said an unnamed Silicon Valley industry titan also invested.