Monday, November 26, 2007

Quantenna Raises $13 Million for Wireless Chipsets

Quantenna Communications, a start-up based in Sunnyvale, California, has closed series B funding of over $12.7 million for its development of advanced wireless chipsets. The company said it is working on fundamental breakthroughs and innovation in wireless networking, including "radically improved MIMO."

The company's management team is led by Dr. Behrooz Rezvani who previously founded Ikanos Communications and served as CTO through its IPO in 2005. While at Ikanos, Dr. Rezvani led the world's first VDSL2 deployment of 100 Mbps over copper. Quantenna's co-founder and CTO, Dr. Andrea Goldsmith, is on leave from Stanford University, where she is a professor of Electrical Engineering.

The funding round, which includes another new investor Grazia Equity, along with previous investors Sequoia Capital and Venrock Associates, brings Quantenna's total financing to approximately $25 million. Additionally, Fahri Diner, managing director of Sigma Partners has joined Quantenna's board of directors.

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