Adesto Technologies has closed on a $20 million senior secured debt facility. According to a related 8-K filing, the loan was provided by Western Alliance Bank. The new debt facility replaces the existing April 2015 debt facility with Opus Bank.

President and CEO Narbeh Derhacobian stated, “The closing of this debt facility further fortifies our balance sheet, while also providing greater financial flexibility as we execute on our growth initiatives. We continue to make great strides toward expanding our presence in targeted vertical markets, including consumer applications where the emergence of IoT is driving a growing need for specialized, energy-efficient memory solutions.”

Adesto Technologies is a provider of application-specific, ultra-low power non-volatile memory products.