Gatineau's Diablo Technologies has secured $15 million for product development in its second round of funding.
The semiconductor maker said the series-B funding was received from BDC Venture Capital, GTI Capital and Celtic House Venture Partners.
"Diablo's differentiated technology development, unique research philosophy and focus on solving customer and overall industry problems have successfully positioned the company to take advantage of rapid growth in a variety of markets," said Roger Jenkins of Montreal-based GTI Capital in a statement. "The additional capital solidifies their financial strength and positions them very well to continue development of their product portfolio."
The company said it is planning to introduce in the fourth quarter of its fiscal 2009 year new memory bridging devices based on its ultralow-power DDR3 technology, as well as to develop new products in more consumer-oriented markets where low power is a quickly emerging need.
* To print this page, click on the "Printer Friendly Version" link above. When the new
window opens, right-click with your mouse in the new window and select "Print".
