Adaptive Clock Generation Module for DVFS and Droop Response
Diablo Technologies Closes $28 Million Equity Investment
OTTAWA, Canada — November 8, 2012 — Diablo Technologies, a proven innovator in memory system interface products, today announced the closing of a $28 million funding round—adding several new US and European investors and Board members. The investment will be used to complete its groundbreaking Memory Channel Storage™ (MCS™) technology platform. The soon-to-be-announced MCS™ system of products enable substantial improvements in transaction processing and data analysis within compute-servers, enterprise datacenters and cloud-computing facilities worldwide. The funding round was led by Battery Ventures and included additional financing from Celtic House Venture Partners, BDC Venture Capital, and Hasso Plattner Ventures.
Riccardo Badalone, founder and Chief Executive Officer commented: “Over the past two years Diablo Technologies has developed an innovative memory channel-based solid-state storage platform. With this equity funding we are accelerating the completion of a system solution including hardware, software and a chip-set that will deliver breakthroughs in system performance and flash storage density for analytic data processing, web-page serving, cloud computing and other server-based enterprise computing applications. We are pleased to welcome Scott Tobin and Alex Benik both of Battery Ventures, and Yaron Valler from Hasso Plattner Ventures to our Board of Directors.”
“Storage is undergoing the type of a technological revolution that we see only once every few decades, and it’s an exciting time to be involved with the entrepreneurs and technologists who are leading this new wave,” said Scott Tobin, Battery General Partner. “Today’s emerging companies are attacking tough strategic problems, and creating tremendous value across the enterprise-storage stack. We believe Diablo Technologies has the technology and creativity to usher in the next phase of innovation in NAND-flash storage. This investment is the perfect complement to our recent success in the flash storage space, with Anobit (flash memory controllers) being acquired by Apple, and XtremIO (scale-out flash arrays) being acquired by EMC.”
“Existing investors BDC and Celtic House are tremendously excited to see the evolution of Diablo being positioned to redefine in-memory computing,” said Tom Valis of Celtic House Venture Partners.
|
Related News
- Peraso Closes Oversubscribed $20 Million Equity Financing Led by Roadmap Innovation Fund
- Valens Semiconductor Closes $14 Million Investment B Round
- Hailo Closes New $120 Million Funding Round and Debuts Hailo-10, A New Powerful AI Accelerator Bringing Generative AI to Edge Devices
- Chiplet Interconnect Pioneer Eliyan Closes $60 Million Series B Funding Round, Co-led by Samsung Catalyst Fund and Tiger Global Management to Address Most Pressing Challenge in Development of Generative AI Chips
- Europe Leaps Ahead in Global AI Arms Race, Joining $20 Million Investment in NeuReality to Advance Affordable, Carbon-Neutral AI Data Centers
Breaking News
- Alphawave Semi Audited Results for the Year Ended 31 December 2024
- BrainChip Gives the Edge to Search and Rescue Operations
- Shifting Sands in Silicon by Global Supply Chains
- Analog Bits to Demonstrate IP Portfolio on TSMC 3nm and 2nm Processes at TSMC 2025 Technology Symposium
- Equal1 advances scalable quantum computing with CMOS-compatible silicon spin qubit technology
Most Popular
- Cadence to Acquire Arm Artisan Foundation IP Business
- Siemens to accelerate customer time to market with advanced silicon IP through new Alphawave Semi partnership
- Intel Announces Strategic Investment by Silver Lake in Altera
- Andes Technology Celebrates 20 Years with New Logo and Headquarters Expansion
- AMD Achieves First TSMC N2 Product Silicon Milestone
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |