Diablo Technologies Secures $19M in Series C Financing

Diablo Technologies, a San Jose, CA-based provider of enterprise computing memory solutions, secured an additional $19m in Series C Financing round.

The round was led by new investor Israel Cleantech Ventures with participation from Battery Ventures, BDC Capital, Celtic House, and Hasso Plattner Ventures.

The company intends to use the funds to further accelerate customer deployments via expansion of sales, applications support and R&D.

Diablo provides the Memory1™ and Memory Channel Storage™ products.

Founded in 2003 and led by newly named CEO Mark Stibitz, and Chief Product Officer Riccardo Badalone, co-founder and previous CEO, Diablo develops technologies for next-generation enterprise computing. Its Memory1 is a memory technology that delivers high capacity of the largest DRAM modules. The company’s Memory Channel Storage platform combines software and hardware architectures with Non-Volatile Memory to introduce a new generation of Solid State Storage for data-intensive applications.



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