Cloud Computing: Diablo gets $28M to marry memory and the processor

Grazed from GigaOM. Author: Stacey Higginbotham.

Diablo Technologies is an Ottawa-based startup that has brought flash memory even closer to the processor — making applications run even faster. It has built chip technology as well as software and has raised $28 million to bring the technology to market.

Diablo Technologies, a Canadian company that is building a custom chip that will improve flash memory performance in the data center, has raised $28 million in a recapitalization round. The round was led by Battery Ventures, with Celtic House Venture Partners, BDC Venture Capital, and Hasso Plattner Ventures participating. The company plans to use the money to embark on a new strategy that involves building software and systems expertise in addition to semiconductor IP…

Several of the investors have returned from an earlier $35 million round that the nine-year-old business had raised when it was pursuing a slightly different business, one that also relied on boosting the performance of memory in the data center. Riccardo Badalone, a co-founder and CEO of Diablo, said the company wouldn’t get too specific about its plans, but he did say that it is working on a silicon product that will marry the processor and flash memory to help boost performance. This is yet another evolution in bringing the memory and processing power closer together to speed up applications. Fusion-io does this, only its business was built on putting the memory on the PCI express card…

Read more from the source @ http://gigaom.com/cloud/diablo-gets-28m-to-marry-memory-and-the-processor/