Ignition Partners is continuing its transformation into a national venture capital firm. The latest example is WhipTail, a Whippany, New Jersey company that today announced a second round of venture capital financing from RRE Ventures, Spring Mountain Capital and Ignition. The size of the investment was not disclosed. But, as part of the deal, Ignition’s Richard Fade is joining the board.
WhipTail describes itself as an all-flash enterprise class storage array, a solution that boosts storage performance. More than 100 customers are currently using the technology, including inVentiv Health, The Pension’s Trust and Ohio.gov. Today, AMD announced that it replaced 480 15K spinning drives with WhipTail’s solid-state storage arrays, a move that the companies said will eliminate slow response times associated with the older technology.
“We believe WhipTail’s technology is at the forefront of all-flash-based storage arrays, the new standard for the industry,” said Fade.
Bellevue-based Ignition Partners is coming off one of its most active years, investing in about 20 new companies in 2011.
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, are located on the East Coast.