Aquantia Completes $16M Series G Financing
Xilinx Leads Round, Funding to Accelerate Aquantia Data Center and Infrastructure Development Strategy
MILPITAS, Calif., March 17, 2014-- Aquantia, the market leader of high-speed Ethernet connectivity solutions for data centers, mobile and Enterprise infrastructure, today announced the completion of series G financing for $16 million. Xilinx Inc., (XLNX) led the round and existing investors provided additional capital.
“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.”
10Gigabit Ethernet (10GE) continues to grow rapidly in data centers, where it is now predicted to surpass shipment of Gigabit Ethernet ports for the full year of 2014, according to Crehan Research. Among the 10GE connectivity solutions, 10GE over Copper (10GBASE-T) is witnessing the strongest growth and support, soon projected to become the dominant connectivity solution in switches and servers. Aquantia’s recently announced low-power, 28 nanometer generation of 10GBASE-T silicon promises to further the penetration of the technology in cloud service providers and corporate data centers.
Aquantia’s ability to translate market-leading technology into business success was evidenced recently as it received the Global Semiconductor Association’s (GSA) Most Respected Private Company Award, as well as the Cisco New Emerging Technology Supplier Award.
As wireless traffic explodes with the proliferation of ever faster mobile devices, bottlenecks in the wired network infrastructure are becoming more prevalent. This will create a significant opportunity not seen since the last infrastructure upgrade that lead the transition from Fast Ethernet to Gigabit Ethernet more than 12 years ago.
“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.”
Aquantia’s 10Gigabit Ethernet ICs are at the heart of cloud computing and large-scale data center deployments taking place today. This market segment is going through a very fast transition, with astounding growth in the total amount of compute power and the move to faster connectivity. This has in turn led to a new paradigm for 10Gigabit Ethernet all across the ecosystem. With its 10GBASE-T silicon products, Aquantia delivers to its OEM customers the most versatile and highest performance 10Gigabit Ethernet connectivity solution while providing lowest Total Cost of Ownership (TCO). Located in Silicon Valley, Aquantia is a venture-backed company, with strong tier-1 VCs and strategic investor support. For more information, visit www.aquantia.com.
Tom Murphy, 831-402-4142
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