Diablo Technologies, a San Diego, CA-based developer of technologies for enterprise computing, secured $37m across two phases of an oversubscribed round of Series C financing.
New investors Genesis Capital and GII Tech Ventures joined the second phase of the round, along with follow-on investments from Battery Ventures, BDC Capital, Celtic House Venture Partners, Hasso Plattner Ventures and ICV. In conjunction with the funding, Vijay Parmar, Partner at GII Tech Ventures, launched by GII, joined the company’s board of directors.
Led by Mark Stibitz, CEO, Diablo Technologies develops Memory1*, a memory channel storage platform that combines software and hardware architectures with NAND-Flash to introduce a new generation of Solid State Storage for data-intensive applications.
*Memory1 provides 1TB or 2TB of system memory in a single two-socket server. Its JEDEC-compliant, flash-based DIMMs interface with existing server architectures and require no changes to hardware, operating systems, or applications. It fits environments requiring large memory footprints for workloads such as big data analytics, caching, and complex web applications.