Aquantia, a 10GB ethernet developer, raises $26M
Aquantia is developing 10 gigabit per second ethernet product for use in datacenters, like a number of other companies we’ve recently reported fundings for, including Tehuti Networks, Chelsio Communications and BridgeWave (here, here and here).
The Milpitas, Calif. company has not yet released any products, and has so far only stated publicly that it is working with the 10GBASE-T standard, which uses copper twisted pair cables. The standard is a newer one, with products only slated to hit the market this year. It’s expected to cost less for deployment and maintenance.
Pinnacle Ventures led the $26 million round, joined by previous investors Lightspeed Venture Partners, Greylock Partners and Venture Tech Alliance. Aquantia has taken two rounds to date, for a total of $41 million.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.