Sandisk’s Strategic Investment in Altair

GLOBAL LEADER IN FLASH STORAGE SOLUTIONS SANDISK ANNOUNCED IT HAS INVESTED IN ALTAIR SEMICONDUCTOR

SanDisk Corporation (NASDAQ: SNDK), a global leader in flash storage solutions, today announced that the company’s venture arm, SanDisk Ventures, has invested in Altair Semiconductor, the leading developer of high-performance, single-mode LTE chipsets. Altair’s high-performance products bring 4G LTE Internet connectivity to tablets, netbooks, USB dongles, portable hotspots, fixed routers and modems, machine-to-machine applications and other devices.

SanDisk’s investments through SanDisk Ventures enable the company to expand the possibilities of storage by advancing technologies and trends that are shaping the way that data is captured, stored, shared and managed.

“The combination of flash storage and LTE chipset technology offers the potential to deliver untethered Internet and device-to-device connectivity to a wide range of consumer electronics, and ultimately brings us closer to making the ‘Internet of Things’ pervasive,” said Sumit Sadana, executive vice president and chief strategy officer, SanDisk. “Our strategic investment and collaboration with Altair will enable SanDisk to optimize our flash storage solutions for this important ecosystem and further strengthen our potential for growth in this highly dynamic market segment.”

Qualified for use by leading wireless carriers globally, Altair’s low-power and cost-efficient LTE chipset solutions enable a broad range of consumer and IoT devices to connect to each other as well as to the cloud. This significantly expands the potential of connected consumer and computing applications. Over 30 connected device manufacturers use Altair chips to power millions of end-user devices deployed commercially on 4G LTE networks around the world.

“SanDisk has made a name for itself both as a flash storage leader and an innovator, and we are pleased to welcome the company’s investment in Altair,” said Oded Melamed, co-founder and chief executive officer of Altair Semiconductor. “SanDisk’s deep technical expertise and strong mobile and connected solution ecosystem relationships will be incredibly valuable as we continue expand our LTE market leadership.”

Terms of the investment were not disclosed.

About SanDisk Ventures

SanDisk Ventures is an initiative to invest $75 million over a three-year period in companies with promising technologies that extend the value proposition of flash-based solutions. By collaborating with SanDisk, these companies gain access to a broad product portfolio from a recognized leader in flash storage, world-class technical expertise, customer introductions and an expanded channel for their products and services.

About SanDisk
SanDisk Corporation (NASDAQ: SNDK), a Fortune 500 and S&P 500 company, is a global leader in flash storage solutions. For more than 25 years, SanDisk has expanded the possibilities of storage, providing trusted and innovative products that have transformed the electronics industry. Today, SanDisk’s quality, state-of-the-art solutions are at the heart of many of the world’s largest data centers, and embedded in advanced smart phones, tablets and PCs. SanDisk’s consumer products are available at hundreds of thousands of retail stores worldwide. For more information, visit www.sandisk.com.

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Jerusalem Venture Partners™ is a leading international Fund with strong presence in Israel and New York. For the past 30 years, JVP has been instrumental in building some of Israel’s international category leaders, scaling them to North America, Europe and Asia, with significant ownership positions. JVP invests early, taking large positions on a low-cost basis, and then invests in the companies again, to maintain and increase its position, with leading third party international Funds.

A Defining Moment for Cybersecurity, for JVP, and for Israel/US Cooperation: CyberArk’s $25B Merger with Palo Alto Networks

Last week marked a moment of both pride and reflection for all of us at JVP. The announcement of CyberArk’s $25 billion acquisition by Palo Alto Networks is not just a landmark deal in the cybersecurity landscape—it’s a powerful validation of the JVP Way, our approach to company building that continues to define our firm today.

While we are no longer CyberArk shareholders, having exited our position a few years after its IPO, we were proud to have been CyberArk’s leading and largest shareholder from its early days to several years after it became a public company and its emergence as an international category leader. While I was Chairman of the company, we partnered closely with the founders during the most formative years of its journey. Back in 2011, when many investors were ready to sell the company for $120 million, JVP chose to reinvest and increased our position to 47%, buying out early shareholders, bringing in Goldman Sachs as an equity investment partner, and partnering with management to lay the foundation for a strong international expansion. That pivotal moment gave the company the opportunity to scale into a true global market leader.

CyberArk has always been ahead of the curve—pioneering insider threat protection, secrets management, machine-to-machine authentication, and most recently, preparing the world for secure Agentic-AI infrastructure. Its merger with Palo Alto Networks positions it to lead the AI era with a fully integrated, end-to-end security platform.

We invite you to revisit JVP’s unique role in CyberArk’s growth in this Forbes feature, Reuters press, and from CyberArk’s newsroom.

This milestone is a reminder that JVP’s tried and true approach – invest, reinvest, roll up our sleeves, and work diligently alongside founders and management teams to build category leading global companies – works. The JVP Way, developed over 30 years, is what enables JVP to build companies that lead and transform industries to the benefit of our investors.

Today, we continue to apply the same methodology to our current portfolio with company after company surpassing the $100 million revenue threshold, with JVP owning 40% or more, as they too become category-leading international businesses.