Monday, March 17, 2014

Aquantia Raises $16 Million for its 10GigE Chips

Aquantia, a start-up specializing in 10Gigabit Ethernet ICs, raised $16 million in series G financing, including support from Xilinx.

Aquantia, which is based in Milpitas, California, recently announced a low-power, 28 nanometer generation of 10GBASE-T silicon that promises to further the penetration of the technology in cloud service providers and corporate data centers.

“The team at Aquantia has had a phenomenal track record establishing itself as the leader in high-speed connectivity solutions for data center and cloud providers,” said Krishna Rangasayee, senior vice president and general manager of Market Segments and the Communications Business Unit at Xilinx. “We’re excited to be part of their venture as a new investor.”

“This is what pre-IPO companies dream of; a strong technology play that delivers successive generations of very large revenue opportunities,” said Faraj Aalaei, president and CEO of Aquantia. “We have the technology and market leadership, the strong support of our investors, and are now proudly adding Xilinx to the list of our backers. Everything is aligned for a successful expansion of our business.”

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