Monday, November 30, 2009

Aquantia Raises $44 Million for 10GBASE-T PHY

Aquantia, a start-up based in Milpitas, California, announced up to $44 million in Series D financing to support its development of mainstream 10GBASE-T PHY solutions.

In May 2009 Aquantia announced the validation in 40nm of the world's first quad 10GBASE-T IC, to deliver the critical power, density and cost performance levels needed by the data center ecosystem. Aquantia's current and newest generations of 10GBASE-T products have brought together the benefits of high-energy efficiency and high density for LOM and high-density switching implementations.

The new funding round bringing $35 million immediately and up to $44 million in time to the company. New Enterprise Associates (NEA) led the round, with participation from Aquantia's existing investors including Lightspeed Venture Partners, Greylock Partners, Pinnacle Ventures, and Venture Tech Alliance. In conjunction with the financing, NEA Partner Rohini Chakravarthy will join the board of directors.

Faraj Aalaei, CEO and president of Aquantia, commented, "The size of the round and the addition of NEA as a new investor are an outstanding vote of confidence for both Aquantia and for the industry, especially given the financial market's dynamics this year. We believe this financing validates our technology leadership, our business plan and sets Aquantia apart from our privately funded competitors. Aquantia is very well-positioned to enable widespread adoption of 10GBASE-T in switches, NIC cards and LAN-on-Motherboard (LOM) in servers."http://www.aquantia.comAquantia is headed by Faraj Aalaei, who previously was the CEO of Centillium, a developer of DSL silicon.

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