Diablo banks loan

Gatineau-based Diablo Technologies Inc. secures a US$5 million venture loan from MMV Financial. The privately held fabless semiconductor company plans to use the financing to complete its product development, fund sales and marketing efforts, and finance some of its working capital needs that may occur in the future. “Support from prominent investors such as MMV is a great validation of our firm’s technology and business model,” says Riccardo Badalone, co-founder and chief executive of Diablo.

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