, a developer of mainstream 10GBASE-T PHY solutions, announced
it has completed Series D financing and brought in $35 million immediately (and up to $44 million in time) for its product portfolio.
The ultimate goal is to serve the accelerated transition to 10G Ethernet in Enterprise and Data Center markets.
New Enterprise Associates led the round, with participation from Aquantia’s existing investors including Lightspeed Venture Partners, Greylock Partners, Pinnacle Ventures and Venture Tech Alliance.
NEA Partner Rohini Chakravarthy has commented that NEA’s strong presence in the enterprise and infrastructure areas has offered them a privileged view into the 10G Ethernet ecosystem. They were impressed with Aquantia’s team and execution and are very bullish on Aquantia’s prospects for sector leadership.
Faraj Aalaei, CEO and president of Aquantia has commented that the size of the round and the addition of NEA as a new investor are an outstanding vote of confidence for both Aquantia and for the industry, especially given the financial market’s dynamics this year, They believe that the new financing validates their technology leadership, business plan and sets them apart from their privately funded competitors. Aquantia is very well-positioned to enable widespread adoption of 10GBASE-T in switches, NIC (News
) cards and LAN-on-Motherboard (LOM) in servers.
Research firm IDC has estimated that corporations worldwide will accelerate their IT spending in the second half of 2010 and due to factors like lower component pricing and the move to virtualization in the data center, 10 Gigabit Ethernet will benefit significantly. They have predicted that the revenue in the emerging NIC/LOM semiconductor segment of the 10GE market will grow at a CAGR over 50% from 2007 through 2012.
Aquantia has stated that they offer monolithic, low-power 10GBASE-T PHYs based on their Mixed Mode Signal Processing (MMSP) architecture. Their PHYs deliver the low power consumption necessary to fit within the power and cooling envelopes required for dual-port NICs, 16-24port line cards and aggregation switches. Aquantia’s current and newest generations of 10GBASE-T products have brought together the benefits of high-energy efficiency and high density for LOM and high-density switching implementations.
Nathesh is a contributing editor for TMCnet. To read more of Nathesh's articles, please visit his columnist page.
Aquantia recently validated
world's first quad 10GBASE-T solution and enabled
10GE mainstream datacenter interconnect.
Edited by Marisa Torrieri