$19 Million and Key Hires for Diablo Technologies
In their latest financing round Diablo raises $19 million to further accelerate customer deployments. Their ground-breaking memory solutions convinces old and new investors alike. The Series C round is led by new investor ICV with participation from Battery Ventures, BDC Capital, Celtic House, and Hasso Plattner Ventures. In addition, the company announced that industry veteran Mark Stibitz will serve as the company’s Chairman and Chief Executive Officer. He brings extensive business management, global market, and product development experience from across start-up and public companies including Anobit, Elliptic Technologies, PMC-Sierra, Agere Systems and Lucent/AT&T-Microelectronics. Diablo Co-founder and previous CEO, Riccardo Badalone, has been appointed the technology-centric and customer-facing role of Chief Product Officer. This sounds like a promising start into 2016!