LONDON – Fabless communications chip company Quantenna Communications Inc. has said telecommunications operator Telefonica is making an equity investment in the company as part of a strategic partnership. The size of the investment was not disclosed.
Quantenna (Fremont, Calif.), formed in 2006, is a specialist supplier of MIMO transceivers and Wi-Fi networking technology for wireless home entertainment networks. As part of the strategic partnership Quantenna will provide Telefonica with technology for the deployment of high performance video services to the home.
Telefonica is headquarted in Spain and has a presence in Europe, Latin America and Africa. Quantenna announced a partnership with Samsung Electronics Co. Ltd. in October 2011.
As network operators roll out fiber services capable of up to 100 Mbps, there is a looming bottleneck in being able to make that bandwidth available around the home wirelessly. Quantenna said that its family of Full-11n 5-GHz chipsets using its 4 x 4 MIMO technology allows the delivery of 600-Mbps of bandwidth over Wi-Fi connection.
"Investing in up-and-coming technology companies is a core part of the Telefonica Digital strategy as we look to build our capabilities in order to succeed in the digital space," said Matthew Key, chairman and CEO of Telefonica Digital, the investment and venture capital arm of Telefonica, in a statement issued by Quantenna. "Quantenna's technology will be a core component of our growth strategy for IPTV deployments in Europe and Latin America."
"This strategic partnership and funding will enable us to expand our product offering for carrier-grade wireless IPTV services globally, as we continue to strengthen our industry-leading, 4x4 MIMO technology leadership position," said Sam Heidari, chief executive officer for Quantenna, in the same statement.
Quantenna is reported to have raised more than $60 million since its formation in 2006 and is backed by Sequoia Capital, Venrock, Sigma Partners, Southern Cross Venture Partners, DAG Ventures, Swisscom Ventures, and Grazia Equity.
Quantenna entered the Silicon 60, EE Times' list of emerging startup companies at version 8.0 in February 2009 and has remained on the list thereafter. The latest edition of the Silicon 60 is version 12.5, which is the topic of a detailed technology and employment digital edition which can be accessed via http://e.ubmelectronics.com/Silicon60/index.html
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