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SanDisk Corporation
SNDK, a global leader in flash memory storage
solutions, today announced it has launched a new venture capital initiative to
invest in companies aligned with SanDisk's key strategic priorities. SanDisk
also announced it has made its first investment in WHIPTAIL, a data storage
company that designs fast, energy-efficient enterprise infrastructure
equipment using flash memory technology.
The new venture initiative – SanDisk Ventures – will manage a $75 million fund
for investment in startups that are developing innovative solutions based on
flash memory technology. Specific areas targeted for investment include
next-generation solid-state memory technology, enterprise storage, storage
technologies managing the vast influx of so-called “big data,” and cloud-based
computing technologies.
Over the past 18 months, SanDisk has grown its capabilities in enterprise
storage through its acquisitions of Pliant Technology, FlashSoft, and Schooner
Information Technology. Today, the company possesses a diverse enterprise
storage portfolio spanning solid-state drives (SSD) and software caching and
data optimization solutions. SanDisk Ventures will look to expand SanDisk's
presence in the enterprise by investing and partnering with ecosystem
companies that are developing solutions built around flash memory and SanDisk
solutions.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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