Diablo Raises $19 Million, Appoints New CEO

Diablo Technologies, a start-up developing flash memory technology, secured an additional $19 million in capital for its Series C Financing round.

Diablo’s technology is able to deliver flash-as ‘system memory’ without any changes to server hardware, operating systems, or end-user applications. The resulting Memory1 platform provides greater memory capacity with fewer servers and lowers data center costs by up to 70 percent.

In addition, the company named Mark Stibitz as its new Chairman and Chief Executive Officer. He has previously worked at Anobit, Elliptic Technologies, PMC-Sierra, Agere Systems and Lucent/AT&T-Microelectronics. Stibitz assumes this position after having served as an independent member of Diablo’s Board of Directors since February 2012. Diablo Co-founder and previous CEO, Riccardo Badalone, has been appointed the technology-centric and customer-facing role of Chief Product Officer.

The new funding was led by new investor ICV with participation from Battery Ventures, BDC Capital, Celtic House, and Hasso Plattner Ventures. The funding will be used to further accelerate customer deployments via expansion of sales, applications support and R&D.

http://www.diablo-technologies.com/

• Diablo Technologies has developed a Memory Channel Storage (MCS) technology that provides tens of terabytes of ultra-fast NAND flash storage in a DIMM form factor, and enables it to interface with the CPU via DDR3 at near-DRAM speeds. The company says its Memory Channel Storage allows for extremely large “big data” sets to be placed entirely within the NUMA system architecture, resulting in real-time processing and analytics. MCS significantly minimizes storage latency and provides a level of predictability that cannot be attained with pre-existing flash storage technologies. With the MCS architecture, systems in big data clusters, such as Hadoop, have access to terabytes of deterministic, ultra-low latency persistent memory.

Converged Memory Acceleration: Combining DRAM with Flash

Thursday, August 21, 2014  Diablo, Start-ups, Storage  No comments

In this 3-minute video, Riccardo Badalone, CEO of Diablo Technologies, discusses Converged Memory — a powerful new concept that combines the best performance attributes of DRAM with the advantages of Flash, including persistence and low cost.

Diablo’s NanoCommit technology supports hundreds of millions of transactions per second, with nanosecond latency.

Click to view on YouTube – http://youtu.be/LV5BtBO11u0