Aquantia closes $35 million Series F funding round
LONDON – Rusnano, the technology investment arm of the Russian state, has led a $35 million Series F financing of Ethernet chip company Aquantia Inc. (Milipitas, Calif.). Rusnano is investing $25 million and current and other new investors will contribute $10 million to the financing round.
Aquantia launched its 40-nm 10GBASE-T PHY chipset in 2011, as an ingredient in emerging LAN-on-Motherboard (LOM) platforms for data center servers and switches. In March 2012 Intel launched a processor called Romley, and LOM server platforms, which is expected to drive increased sales of 10GBASE-T Aquantia said.
Aquantia plans to use the funds in part to establish a design center in Russia to perform chip design, software development and product testing in support of an R&D group at the company's Silicon Valley headquarters.
Aquantia, founded in 2004, has now raised in excess of $129 million.
"Aquantia is the only 10-gigabit Ethernet silicon provider to meet our investment criteria in the high-speed datacenter interconnect space. 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," said Sergey Polikarpov, Rusnano managing director, in a statement issued by Aquantia.
"We are truly ecstatic about the take off of Intel's Romley platform and what it means as a watershed event for the near-term ubiquity of 10GBASE-T in the data center as well as future opportunity across the enterprise space," said Aquantia's president and CEO Faraj Aalaei, in the same statement.
Shipments of 10GBASE-T in data center switching and servers will total of approximately 6.5 million ports in 2013, and almost 20 million the following year, Aquantia said referencing Crehan Research as its source.
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