SAN JOSE, Calif. Quantenna Communications, Inc., a startup focused on consumer Wi-Fi network chips for consumer video, has closed a $13.85 million Series C funding round led by new investor.
The company announced in October a two chip set implementing a 4x4 MIMO (multiple input, multiple output) version of 802.11n aimed at carrying video in the digital home. It can support an aggregate throughput of up to a Gbit/second using links over 2.4 and 5 GHz bands with beam forming and mesh technologies.
Southern Cross Venture Partners joined the company's existing investors Grazia Equity GmbH, Sequoia Capital, Sigma Partners and Venrock Associates. As part of the deal, Larry Marshall, managing director of Southern Cross, joined Quantenna's board.
Southern Cross looked at many wireless companies and found Quantenna was "generating substantial interest from the industry's top consumer electronic manufacturers," Marshall said in a company statement.
Quantenna plans to use the Series C funding as working capital to help the company expand sales and engineering and support increased production of its chips. The latest round brings the total investment to date in the three-year-old startup to $42 million.