Diablo Technologies is a San Diego-based developer of enterprise computing technologies led by CEO Mark Stibitz. The company builds Memory1, a memory channel storage platform that combines software and hardware architectures with NAND-Flash to create a new generation of solid-state storage. Memory1 provides 1TB or 2TB of system memory in a single two-socket server via JEDEC-compliant, flash-based DIMMs that interface with existing server architectures. The DIMMs require no changes to hardware, operating systems, or applications. The product targets workloads needing large memory footprints such as big data analytics, caching, and complex web applications. Diablo recently secured $37M in an oversubscribed Series C across two phases. Diablo Technologies develops enterprise computing memory solutions and offers the Memory1 and Memory Channel Storage products. Memory1 is a memory technology that delivers high capacity on large DRAM modules. Its Memory Channel Storage platform combines software and hardware architectures with non-volatile memory to create a new generation of solid-state storage for data-intensive applications. The company plans to use the new funding to further accelerate customer deployments through expanded sales, applications support and R&D. Diablo is led by newly named CEO Mark Stibitz and Chief Product Officer Riccardo Badalone, the company's co-founder and previous CEO. The company was founded in 2003 and is based in San Jose, CA. Founded in 2003 by CEO Riccardo Badalone, Diablo Technologies develops memory system interface products centered on its Memory Channel Storage (MCS) technology platform. The MCS platform leverages NAND-flash and future non-volatile memory technologies to enable increased application performance and a new class of enterprise server and storage system designs. Diablo's upcoming MCS products are intended to improve transaction processing and data analysis within compute-servers, enterprise datacenters and cloud-computing facilities worldwide. The company closed an additional $7.5M of equity funding to support the launch of MCS and to expand marketing and distribution across a broader set of applications. This additional financing brings the total equity investment in the latest round to $35.5M, following a $28M raise in November 2012. Diablo Technologies develops the Memory Channel Storage (MCS) technology platform, a memory system interface that leverages NAND-flash and future non-volatile memory technologies. The platform is intended to enable improvements in transaction processing and data analysis within compute servers, enterprise datacenters and cloud-computing facilities worldwide. The company intends to use the $28M raised to complete its MCS technology platform. Diablo was founded in 2003 by Riccardo Badalone, who serves as CEO, and is based in Ottawa, Ontario, Canada. In conjunction with the financing, representatives of investors will join the company's board of directors.

Total raised

$92M

Funding rounds

4

Latest round

Series C

Latest activity

Aug 2016