Aquantia, a start-up based in San Jose, California, announced $37 million in Series H funding for its 10GBASE-T Ethernet silicon solutions for data centers.
Aquantia’s 10GBASE-T and AQrate PHY product lines lead the market with low-power, high-performance, and high-density silicon solutions. Aquantia developed AQrate, a unique technology capable of increasing network speeds to 5 Gbps at lengths up to 100m on existing Cat 5e/Cat 6 cables. The products were first sampled in late 2013 and are currently in mass production. The company currently employs over 160 people. Since its first round of funding in 2005, Aquantia has become a market leader in high-speed Ethernet copper connectivity solutions in data center and enterprise.
New investors participating in this round include Credit Suisse’s Direct Equity Partners, GLOBALFOUNDRIES, and Walden Riverwood along with existing investor Cisco Investments. Previous investors include Intel Capital, Cisco Investments, Xilinx, GLOBALFOUNDRIES, and Venture Tech Alliance. Aquantia has raised a total of $199 million to date.
“We feel very fortunate to be leading in a market with significant sustaining revenues from design wins that enjoy very long product life-cycles,” said Faraj Aalaei, president, and CEO. “Aquantia’s success comes from a strong focus on turning technology differentiation into business success. Our driving ambition to take partnership opportunities with our customers to the next level consistently results in expanded opportunity and a secure trust between us and our customers.”
