Whiptail Raises $31m in Series C Funding

Whiptail, a Whippany, NJ-based data storage company, has raised $31m in Series CĀ 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.

FinSMEs

13/12/2012

Related News:
17/01/2012: WhipTail Secured Series B Funding
05/07/2011: WhipTail Technologies Closes Series A Financing

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