--- description: Diablo Technologies has announced that it has secured an additional $19 million in capital for its Series C Financing round, which is led by new investor... title: Diablo Technologies Raises Another $19 Million For Its Series C Financing Round image: https://www.storagereview.com/wp-content/uploads/2015/04/whiteonred.png --- [![Storage Review]()](https://storagereview.com/) --- [Facebook](https://www.facebook.com/@storagereview) [X (Twitter)](https://twitter.twitter.com/storagereview) [Instagram](https://www.instagram.com/storagereview/) [LinkedIn](https://www.linkedin.com/company/storagereview-com) [YouTube](https://www.youtube.com/user/storagereview?sub_confirmation=1) [Email](mailto:info@storagereview.com) [Spotify](https://open.spotify.com/show/1y6VnznABhHeOSMOmbDTz0) [Reddit](https://www.reddit.com/r/StorageReview/) [Discord](https://discord.gg/TwMHb4azdC) [RSS Feed](https://www.storagereview.com/rss.xml) [TikTok](https://www.tiktok.com/@storagereview) [Facebook](https://www.facebook.com/@storagereview) [X (Twitter)](https://twitter.com/storagereview) [Instagram](https://www.instagram.com/storagereview/) [LinkedIn](https://www.linkedin.com/company/storagereview-com) [YouTube](https://www.youtube.com/user/storagereview?sub_confirmation=1) [Email](mailto:info@storagereview.com) [Spotify](https://open.spotify.com/show/1y6VnznABhHeOSMOmbDTz0) [Reddit](https://www.reddit.com/r/StorageReview/) [Discord](https://discord.gg/TwMHb4azdC) [RSS Feed](https://www.storagereview.com/rss.xml) [TikTok](https://www.tiktok.com/@storagereview) [![StorageReview.com]()](https://www.storagereview.com) ≡ Menu - [Home](https://www.storagereview.com/) - [Storage Reviews](https://www.storagereview.com/review) - [End User Reviews](https://www.storagereview.com/consumer) - [Enterprise Reviews](https://www.storagereview.com/enterprise) - [Ubiquiti Reviews](https://www.storagereview.com/best/ubiquiti-reviews) - [SR Merch](https://store.storagereview.com) - [Leaderboards](https://www.storagereview.com/best) - [Best Storage Arrays](https://www.storagereview.com/best/storage-arrays) - [Best Enterprise SSDs](https://www.storagereview.com/best/enterprise-ssds) - [Best Servers](https://www.storagereview.com/best/servers) - [Best Enterprise GPUs](https://www.storagereview.com/best/enterprise-gpus) - [Best Desktops for Local AI](https://www.storagereview.com/best/desktops-local-ai) - [Best Laptops for Local AI](https://www.storagereview.com/best/laptops-local-ai) - [Best Local LLM Tools](https://www.storagereview.com/best/local-llm-tools) - [Agentic AI Hardware](https://www.storagereview.com/best/agentic-ai-hardware) - [Best SSDs & Hard Drives](https://www.storagereview.com/best_drives) - [Best Portable SSDs](https://www.storagereview.com/best/portable-ssds) - [Best Business Laptops](https://www.storagereview.com/best/business-laptops) - [Best Mobile Workstations](https://www.storagereview.com/best/mobile-workstations) - [Best Desktop Workstations](https://www.storagereview.com/best/desktop-workstations) - [Best Mini PCs](https://www.storagereview.com/best/mini-pcs) - [Best Laptop Battery Life](https://www.storagereview.com/best/laptop-battery-life) - [Storage Reference Guide](https://www.storagereview.com/storage-reference-guide) - [About SR](https://www.storagereview.com/about-storagereview) - [StorageReview.com Sweepstakes Rules and Regulations](https://www.storagereview.com/storagereview-com-sweepstakes-rules-and-regulations) Search [Home](https://www.storagereview.com/) » [News](https://www.storagereview.com/news) » Diablo Technologies Raises Another $19 Million For Its Series C Financing Round # Diablo Technologies Raises Another $19 Million For Its Series C Financing Round by Lyle Smith on January 13, 2016 [Enterprise](https://www.storagereview.com/enterprise) Diablo Technologies has announced that it has secured an additional $19 million in capital for its Series C Financing round, which is led by new investor ICV along with participation from Battery Ventures, BDC Capital, Celtic House, and Hasso Plattner Ventures. Diablo adds that the funding will be used to help expedite customer deployments with the expansion of sales, applications support, and R&D. ![]() Last year, Diablo Technologies had successfully [concluded a lengthy legal battle with Netlist](https://www.storagereview.com/diablo_technologies_wins_decisive_victory_against_netlist_in_ulltradimm_lawsuit) concerning their ULltraDIMM technology, allowing the company to ship their Memory Channel Storage chipset without restriction. The company also announced that industry veteran, Mark Stibitz, has been hired as Chairman and Chief Executive Officer. Diablo indicates that he brings comprehensive experience in business management, global market, and product development experience from start-up and public companies such as Anobit, Elliptic Technologies, PMC-Sierra, Agere Systems and Lucent/AT&T-Microelectronics. Stibitz had served as an independent member on Diablo’s Board of Directors since February 2012. In addition, Diablo Co-founder and previous CEO, Riccardo Badalone, has been appointed to the role of Chief Product Officer. [Diablo Technologies](http://www.diablo-technologies.com/) [Discuss this story](http://forums.storagereview.com/index.php/topic/38438-diablo-technologies-raises-another-19-million-for-its-series-c-financing-round/) [Sign up for the StorageReview newsletter](https://www.storagereview.com/storage_newsletter)   **Engage with StorageReview** [Newsletter](https://www.storagereview.com/storage_newsletter) |  [YouTube](https://www.youtube.com/user/StorageReview "Opens in a new window") | Podcast  [iTunes](https://podcasts.apple.com/gb/podcast/storagereview-com-storage-reviews/id1060681115 "Opens in a new window")/ [Spotify](https://open.spotify.com/show/1y6VnznABhHeOSMOmbDTz0 "Opens in a new window") |  [Instagram](https://www.instagram.com/storagereview/ "Opens in a new window") |  [Twitter](https://twitter.com/storagereview "Opens in a new window") |  [TikTok](https://www.tiktok.com/@storagereview? "Opens in a new window") |  [RSS Feed](https://www.storagereview.com/rss.xml) ![]() ### Lyle Smith Lyle is a writer for StorageReview, covering a broad set of end user and enterprise IT topics. 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