Diablo Technologies, an Ottawa, Ontario, Canada-based developer of memory system interface products, raised $28m in venture funding.
The round was led by Battery Ventures, with participation from Celtic House Venture Partners, BDC Venture Capital, and Hasso Plattner Ventures.
The company intends to use the capital to complete its Memory Channel Storage™(MCS) technology platform.
Founded in 2003 by Riccardo Badalone, CEO, Diablo Technologies is developing an innovative Memory Channel Storage technology platform that leverages the capability of NAND-flash and future Non-Volatile Memory technologies to enable improvements in transaction processing and data analysis within compute-servers, enterprise datacenters and cloud-computing facilities worldwide.
In conjunction with the funding, Scott Tobin and Alex Benik of Battery Ventures, and Yaron Valler of Hasso-Plattner Ventures will join the company’s Board of Directors.
FinSMEs
08/11/2012