Aquantia, Eastern Europe’s industry leader in high speed ethernet connectivity products for computing in the Cloud, has completed a series F round of financing for USD 35 mln. Leading the existing investors in this round is new investor Rusnano, whose share of the funding is USD 25 mln, and who deemed Aquantia the only such company that met their criteria for selecting a target from the high-speed data center connectivity solutions market. The investment will aid Aquantia in setting up their Russian research and development facility, which will function as a support unit to the main R&D facility in Silicon Valley in the United States. The Russian center will be involved in chipset design and software development and will also assist with product testing.
Aquantia develops cloud computing connectivity solutions and deals with the deployment of high-end, large-scale data centers. At the core of the company is the 40nm 10GBASE-T PHY chipset, which was launched in 2011 and is now seeing strong sales growth as Intel releases its LAN-on-Motherboard platform, boosting the 10GBASE-T market as a whole. Aquantia is currently at the leading edge of 10GE (Gigabit Ethernet) silicon services, with the additional advantage of being able to quote the lowest Total Cost of Ownership (TCO). The company is located in the Silicon Valley, with an additional support facility being planned for Russia.