High-speed server and storage chip developer Diablo Technologies Inc. turned to insiders for a final cash infusion before commercially introducing its products, announcing Tuesday the closing of a $15 million Series B round.
BDC Venture Capital, GTI Capital and Celtic House Venture Partners, all of Montreal, backed the investment in the Gatineau, Quebec-based company on the expectation that volume shipping and revenue generation will enable it to return to the capital markets for new investors as soon as September. The new money will support the completion and the production of mixed-signal interconnect chips for servers and switches that require high speed, low power and low latency.
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