RUSNANO leads round, funds to expand operations, product lines in big data and enterprise

May 14, 2012

1 Min Read

MILPITAS, Calif. and MOSCOW -- Aquantia, the leading developer of High Speed Ethernet connectivity solutions for cloud computing and large scale data center deployments, announced today it has completed a Series F financing of $35 million, with new investor RUSNANO leading the round, joined by current investors. RUSNANO will invest $25 million, and current and new investors will contribute $10 million to the financing round.

Aquantia successfully launched its industry-leading 40nm 10GBASE-T PHY chipset in 2011, as a critical ingredient to emerging LAN-on-Motherboard (LOM) platforms for new data center servers and switches. With Intel's March 2012 launch of its Romley generation LOM server platforms, the 10GBASE-T interconnect market is now seeing an explosive uptick. According to Crehan Research, shipments of 10GBASE-T in Data Center switching and servers will see more than a seven-fold increase from 2011 to 2012, reaching a total of approximately 6.5 million ports in 2013, and almost 20 million the following year.

"Aquantia is the only 10 Gigabit Ethernet (10GE) silicon provider to meet our investment criteria in the high-speed data center interconnect space," said RUSNANO managing director Sergey Polikarpov. "We believe big data and global data center traffic are going to see a tremendous swell in the next several years, and Aquantia's technology is essential to improving server performance while realizing greater cost efficiencies. This is a premium opportunity for us to participate in the market growth and its rewards."

Aquantia Corp.

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