Flash memory storage solutions provider SanDisk Corporation announced the launch of a venture capital initiative which “will manage a USD75 million fund for investment in startups that are developing innovative solutions based on flash memory technology.”
The main investment areas targeted by SanDisk Ventures are next generation memory, flash-controllers, enterprise storage systems, storage virtualization, cloud storage services and software and consumer-based wireless flash storage.
“Flash-based solutions continue to gain momentum, with exciting growth possibilities ranging from enterprise storage to mobile consumer products,” said Sumit Sadana, executive vice president and chief strategy officer, SanDisk. “Our investments in innovative startups and new technologies can help accelerate market growth, provide deeper insight into potential disruptive uses of flash and promote closer ties to key industry players, particularly in the fast-evolving segment of enterprise storage solutions.”
SanDisk also announced today an investment in WHIPTAIL, “a data storage company that designs fast, energy-efficient enterprise infrastructure equipment using flash memory technology.”
“WHIPTAIL provides a leading storage array solution using flash memory technology,” said Sadana. “It is a perfect example of the innovative technologies around flash storage that we seek to support as part of the SanDisk Ventures initiative.”
In the last18 months SanDisk consolidated its position through some important acquisitions of companies such as Pliant Technology, FlashSoft, and Schooner Information Technology. The company aims to expand its presence in the enterprise by investing and partnering with ecosystem companies that are developing solutions built around flash memory and SanDisk solutions.
It is always a good business move to launch a fund for startups that could, in the end, provide some new solutions for the company, thus enabling it to reinforce its position on the market.
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Flash memory storage solutions provider SanDisk Corporation announced http://www.businesswire.com/news/home/20121213005412/en/SanDisk-Launches-Venture-Capital-Investment-Initiative the launch of a venture capital initiative which “will manage a $75 million fund for investment in startups that are developing innovative solutions based on flash memory technology.”
The main investment areas targeted by SanDisk Ventures http://www.sandisk.com/about-sandisk/sandisk-ventures/ are next generation memory, flash-controllers, enterprise storage systems, storage virtualization, cloud storage services and software and consumer-based wireless flash storage.
“Flash-based solutions continue to gain momentum, with exciting growth possibilities ranging from enterprise storage to mobile consumer products,” said Sumit Sadana, executive vice president and chief strategy officer, SanDisk. “Our investments in innovative startups and new technologies can help accelerate market growth, provide deeper insight into potential disruptive uses of flash and promote closer ties to key industry players, particularly in the fast-evolving segment of enterprise storage solutions.”
SanDisk also announced today an investment in WHIPTAIL, “a data storage company that designs fast, energy-efficient enterprise infrastructure equipment using flash memory technology.”
“WHIPTAIL provides a leading storage array solution using flash memory technology,” said Sadana. “It is a perfect example of the innovative technologies around flash storage that we seek to support as part of the SanDisk Ventures initiative.”
In the last18 months SanDisk consolidated its position through some important acquisitions of companies such as Pliant Technology, FlashSoft, and Schooner Information Technology. The company aims to expand its presence in the enterprise by investing and partnering with ecosystem companies that are developing solutions built around flash memory and SanDisk solutions.
It is always a good business move to launch a fund for startups that could, in the end, provide some new solutions for the company, thus enabling it to reinforce its position on the market.
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