One of the biggest stories in the Seattle venture capital community over the past 18 months has been the transformation of Ignition Partners into a full-scale national firm. That was highlighted Tuesday when Ignition invested in a second round of funding for New Jersey-based flash storage company WhipTail.
The cloud identity startup, with about 100 employees, said that it tripled revenues last year as it topped more than 3.9 million licensed users. Customers include HP, Blue Shield, ESPN, Forest Laboratories, Zynga and Netflix. As a result of the investment, Ignition’s Cameron Myhrvold is joining the board.
“Several years ago, Symplified recognized the security challenges and market opportunity that cloud computing would create,” said Myhrvold in a statement. “Symplified pioneered the market for cloud identity and access management with a cloud delivered service that goes beyond single sign-on and is accessible to any sized organization.”
Ignition has been actively investing in the past 12 months, bankrolling more than 20 new companies.
More than a dozen of those companies – Parse, Cloudera, Bromium, BlueStacks, ScaleXtreme, Inporia, Zencoder, Topsy, Hipmunk, SocialEyes, Motif Investing, MinoMonsters, Iron.io and Connected — are based in California. A few others, like WhipTail and Symplified, are located outside the Pacific Northwest.
Ignition’s team obviously will be spending a lot of time at Sea-Tac airport this year.