Whiptail, a Whippany, NJ-based data storage company, has raised $31m in Series C funding.
Backers include newly formed SanDisk Ventures (read here), an unnamed Silicon Valley industry giant, Ignition Partners, RRE Ventures and Spring Mountain Capital. Silicon Valley Bank provided debt financing.
The company intends to use the capital to grow its engineering team (read here) and accelerate global expansion.
Led by CEO Dan Crain, Whiptail designs energy-efficient enterprise infrastructure equipment using flash memory technology. More than 150 customers are now utilizing the company’s INVICTA and ACCELA arrays.
Catherine Chandler, former CFO of Vitrue and Liaison Technologies, has joined Whiptail’s executive team to guide its fiscal policy into 2013.