Milpitas, Calif. – SanDisk, the Milpitas-based maker of flash memory storage devices, said on Thursday it has launched a $75 million venture capital program to invest in startups in the flash memory space.
The initiative, to be known as SanDisk Ventures, already has made its first investment, as part of a $31 million round for New Jersey-based data storage company Whiptail.
SanDisk said the fund will specifically target the areas of solid-state memory technology, enterprise storage, storage technologies managing “big data” and cloud computing technologies.
“Our investments in innovative startups and new technologies can help accelerate market growth, provide deeper insight into potential disruptive uses of flash and promote closer ties to key industry players,” said Sumit Sadana, SanDisk’s executive vice president and chief strategy officer.
This article was also published in Bay Area Tech Wire.
SanDisk – http://www.sandisk.com
SanDisk – press release
Photo courtesy of SanDisk