By Don Clark
Big tech companies frequently learn they don’t have all the good ideas, but their money can provide a window into innovations at startups. SanDisk is the latest example.
The company, known for chips and other products that use flash memory technology, on Thursday is announcing a $75 million venture fund to make equity investments that advance SanDisk’s strategic interests. Its first move is joining a new funding round for WhipTail, a New Jersey startup selling systems that use flash technology to store data from server systems.
WhipTail, which was founded in 2007, says the new $31 million infusion comes from a group that includes traditional venture capital firms as well as “an unnamed Silicon Valley industry titan,” in addition to SanDisk.
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