LONDON Quantenna Communications Inc., a developer of silicon for wireless networking that delivers guaranteed bandwidth, has raised $15 million in a Series D round of financing from its current investors Grazia Equity, Sequoia Capital, Sigma Partners, Southern Cross, Swisscom, and Venrock Associates.
The cash infusion will enable the company to accelerate the ramp up in production of its 802.11n 4 x 4 MIMO Wi-Fi chipset, Quantenna (Fremont, Calif.) said.
Quantenna's 802.11n chipsets include dynamic digital beamforming and wireless channel monitoring and optimization. They are intended to support high-definition video with 1080p resolution, anywhere in the home, while guaranteeing compatibility with existing and future IEEE 802.11n-compliant products.
"This is an exciting chapter for Quantenna, as we work with some of the industry's leading consumer electronics manufacturers to deploy a new generation of ultra-high-reliability Wi-Fi home-networking products that can distribute multiple video streams throughout the home at full, 1080p resolution," said David French, Quantenna's CEO, in a statement. "We have a rapidly growing design pipeline encompassing a wide variety of exciting new products and services, all based on our industry-standard IEEE 802.11n technology with super-charged video capabilities."
"This financing round enables us to accelerate production shipments to customers for retail deployments, and also showcases the high level of continuing investor confidence in our superior market position and extremely attractive growth opportunities," said Behrooz Rezvani, Quantenna's founder and chairman.
"Quantenna's technology is extremely impressive, and delivers remarkable video networking quality. This is an enormous market opportunity, with total Wi-Fi chipset revenue expected to pass $4 billion by 2012," said Brian O'Rourke, principal analyst with market research company In-Stat, in the same statement.
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