Sandisk, a flash memory storage vendor, said Thursday that it has launched a $75 million venture capital fund with a focus on enterprise technology.
The effort, dubbed Sandisk Ventures, starts with $75 million and will invest in startups focused on flash memory. Sandisk said it will invest in solid-state memory technology, enterprise storage, big data and cloud plays.
Sandisk added that its first investment is in Whiptail, an enterprise data storage company that raised $31 million in series C funding.
Best known for its consumer efforts with flash memory, Sandisk is looking to diversify and bolster its profit margins via the enterprise. Sandisk has acquired Pliant Technology, FlashSoft and Schooner Information Technology in an effort to focus on enterprise storage.
In a recent presentation to investors, Sandisk said it would focus on software, caching and tiering.