Welcome!

Recurring Revenue Authors: Sematext Blog, Yeshim Deniz, Jyoti Bansal, Liz McMillan, Pat Romanski

News Feed Item

WHIPTAIL Raises $31 Million in Series C and Strategic Funding From Investors Including SanDisk to Drive Flash-Storage Adoption

WHIPTAIL, the data storage-industry innovator powering faster and more energy-efficient computing for today’s global businesses via flash storage, today announced a $31 million investment, including strategic investments from flash-memory leader SanDisk as well as an unnamed Silicon Valley industry titan. Ignition Partners, RRE Ventures and Spring Mountain Capital also contributed to this Series C funding and Silicon Valley Bank provided debt financing.

“The intersection of performance and efficiency has never been more important as companies and organizations are moving to new technologies like flash storage to drive the top and bottom lines,” said WHIPTAIL CEO Dan Crain. “The new investors we’ve added to our existing team demonstrate the confidence they have in our vision. This funding will ensure continued growth of WHIPTAIL and accelerate our product roadmap through 2013, with groundbreaking products coming over the next 12 months that will leave our competition scrambling to catch up.”

The investment will fund growth in WHIPTAIL’s engineering team and accelerate global expansion. In addition, the company announced a new chief financial officer to lead WHIPTAIL’s fiscal policy into 2013 and beyond.

WHIPTAIL’s significant growth across its customer base, revenue and employees worldwide is a testament to the leadership and innovation provided in its all-flash storage arrays. The company has achieved triple digit year-over-year revenue growth as more than 150 customers are now utilizing WHIPTAIL’s INVICTA and ACCELA arrays to power more than a quarter of a billion IOPS. To accommodate this expansion, WHIPTAIL’s employee base has increased by almost 500 percent in 2012.

SanDisk has announced an investment in WHIPTAIL via SanDisk Ventures, the company’s newly formed strategic investment arm.

"Enterprise storage represents a significant growth opportunity for flash, and SanDisk is excited to invest in innovative companies such as WHIPTAIL, which are bringing breakthrough system solutions to their enterprise customers,” said Sumit Sadana, Executive Vice President and Chief Strategy Officer at SanDisk. “Increasingly, customers are turning to flash-based solutions to address the need to access big data at lightning-fast speed, and do so with elegant, scalable, power-efficient systems from leading companies like WHIPTAIL.”

For Richard Fade, a partner at Ignition, the moves coming from WHIPTAIL have justified their investment in the company from the beginning.

“Enterprise SSD is white hot – it's becoming affordable for the datacenter, enabling competitive advantage and becoming a key tier of storage in many industries and applications,” he said. “WHIPTAIL is building the best implementations in the market. While others have been building hype, WHIPTAIL has quietly been delivering the fastest, most flexible and cost effective products in the market."

Catherine Chandler, former CFO of Vitrue and Liaison Technologies, joins WHIPTAIL executive team

On the coattails of the strategic financing agreement, WHIPTAIL announced the hiring of CFO Catherine Chandler. Chandler brings more than 25 years of experience to WHIPTAIL. She previously served as CFO of Vitrue, a social marketing technology platform purchased by Oracle in 2012, and Liaison Technologies, an integration and data management technology services company with operations in the U.S. and Europe.

“Cathy comes to us with a strong background in tech and manufacturing, two areas where her fiscal leadership will pay strong dividends for WHIPTAIL,” said Crain. “We’ve built a world class organization here in New Jersey and we need world class leadership across executive management. Adding Cathy brings Finance in line with our other divisions.”

Prior to Vitrue and Liaison Technologies, Chandler served as division controller for Georgia-Pacific and as corporate treasurer and controller for Savannah Foods & Industries.

“As a CFO, the fast-paced world of tech startups is extremely challenging,” said Chandler. “It’s all about planning, execution and sound financial management. I’ve worked with everything from the Global 100 down to startups and WHIPTAIL is as exciting an opportunity as I’ve had in my professional career.”

About WHIPTAIL

WHIPTAIL is a data storage-industry innovator powering faster and more energy-efficient computing for today’s global businesses via flash storage. The company’s technology dramatically accelerates application performance and lowers costs for enterprises harnessing cloud computing, virtualization and big data. Based in Whippany, N.J., WHIPTAIL is run by Wall Street IT veterans and backed by investors including Ignition Partners, RRE Ventures and Spring Mountain Capital. Move your data at the speed of life at www.whiptail.com.

WHIPTAIL, the WHIPTAIL logo, ACCELA and INVICTA are trademarks of WHIPTAIL. All other trademarks are the property of their respective owners.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in compute, storage and networking technologies, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/...
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at Dell EMC, introduced a methodology for capturing, enriching and sharing data (and analytics) across the organization...
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).