Flash Storage Startup Whiptail Snags $31 Million VC Round
Storage startup Whiptail, which specializes in all-flash-based storage arrays, closed a $31 million Series C round of venture capital. That brings Whiptail's total VC funding to date to $46 million.
CEO Dan Crain told CRN Whiptail is currently almost cash-flow positive from an operations perspective. With the latest VC infusion, the startup believes it can become profitable.
"We're old school," Crain told CRN. "We run this like a real business. We don't spend capriciously. We invest in R&D, in our people and in our customers. We're focused on making this a valuable company for customers to work with."