Fabless semiconductor company Diablo Technologies Inc. has obtained a US$3.5-million venture loan from Toronto-based MMV Financial.
"Support from prominent investors such as MMV is a great validation of our firm's technology and business model, and we are extremely pleased to have added MMV to our high-calibre group of investors," said Diablo chief executive Riccardo Badalone.
The privately held Gatineau-based company, which specializes in ultra high-speed interconnect technology, said it would be using the proceeds from the financing to fund product development and sales and marketing efforts, and for working capital.
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