Diablo Technologies raises $37M

What does Diablo Technologies do?

Diablo Technologies, is a company developing solid state storage devices for data intensive apps. This is a private fabless semiconductor company which is focuses on designing large mixed signal ASIC products which need low latency, high data rates and low power. The company has a specialty in deep sub-micron CMOS technology, and highly integrated bridging and switching products for the storage and server industries.

How much Diablo Technologies was funded?

The company raised $18M in Series C on August 2, 2016 from ICV Capital Partners, Celtic House Venture Partners, Hasso Plattner Ventures, Battery Ventures, Genesis Capital, BDC Capital and GII Tech Ventures.

Previous funding

Undisclosed amount in Series A on March 1, 2005 from GTI Capital, BDC Venture Capital and Celtic House Venture Partners

$15M in Series B on July 29, 2008 from BDC Venture Capital, Celtic House Venture Partners and GTI Capital

$28M on November 8, 2012 from BDC Venture Capital, Battery Ventures, Hasso Plattner Ventures, EMC Ventures and Celtic House Venture Partners,

$7.5M in undisclosed round on March 19, 2013 from U.S. Venture Partners (USVP), Celtic House Venture Partners, Business Development Bank of Canada, Battery Ventures and Hasso Plattner Ventures

$13M in Series B announced on March 28, 2014 and closed on April 1, 2015 from Battery Ventures, Celtic House Venture Partners, BDC Venture Capital and EMC Ventures

$19M in Series C on January 12, 2016 from Hasso Plattner Ventures, Battery Ventures, Celtic House Venture Partners, Business Development Bank of Canada and Israel Cleantech Ventures (ICV).

What is next for Diablo Technologies?

Diablo Technologies plans to use the latest funding raised for  expanding sales and customer application support and for strategically accelerating its DMX software roadmap.

More about Diablo Technologies

Diablo Technologies was founded on March 1, 2002 byRiccardo Badalone, Michael Parziale, Franco Forlini and Maher Amer. It has its headquarters in Quebec, QC.