Diablo increases Series C to $37 mln with help of global investors
Diablo Technologies, the Ottawa memory-chip developer, secured $37 million in the close of its Series C financing. The oversubscribed round was backed by three global investors, all of them new to the company. They included Israeli venture firm ICV, which led the Series C’s initial $27 million tranche in January. It was joined in a second $10 million tranche, announced today, by New York's Genesis Capital Advisors and Dubai's GII Tech Ventures. Battery Ventures, BDC Capital, Celtic House Venture Partners and Hasso Plattner Ventures, all longtime backers of Diablo, also invested.
2 August 2016•3 mins read
