Diablo Technologies Secures $19M in Series C Financing
Summary
Diablo Technologies, a San Jose, CA-based provider of enterprise computing memory solutions, secured an additional $19m in Series C Financing round.The company intends to use the funds to further accelerate customer deployments via expansion of sales, applications support and R&D.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.