Comments on: Aquantia raises $25 million for highest-speed Ethernet chips http://venturebeat.com/2008/03/17/aquantia-raises-25-million-for-highest-speed-ethernet-chips/ News About Tech, Money and Innovation Mon, 23 Nov 2009 13:10:15 +0000 http://wordpress.org/?v=2.8.5 hourly 1 By: Solarflare raises $26 million for networking chips » VentureBeat http://venturebeat.com/2008/03/17/aquantia-raises-25-million-for-highest-speed-ethernet-chips/comment-page-1/#comment-817142 Solarflare raises $26 million for networking chips » VentureBeat Tue, 17 Jun 2008 12:01:08 +0000 http://venturebeat.com/2008/03/17/aquantia-raises-25-million-for-highest-speed-ethernet-chips/#comment-817142 [...] Foundation Capital, Accel Partners and Amadeus Capital Partners. The round slightly exceeds the amount raised by rival chip company Aquantia, which raised $25 million in [...] [...] Foundation Capital, Accel Partners and Amadeus Capital Partners. The round slightly exceeds the amount raised by rival chip company Aquantia, which raised $25 million in [...]

]]> By: Dave http://venturebeat.com/2008/03/17/aquantia-raises-25-million-for-highest-speed-ethernet-chips/comment-page-1/#comment-799094 Dave Mon, 17 Mar 2008 16:23:23 +0000 http://venturebeat.com/2008/03/17/aquantia-raises-25-million-for-highest-speed-ethernet-chips/#comment-799094 Um, Aquantia announced this round a month ago: Aquantia Closes $26 M Series B Funding Round Pinnacle Ventures Leads Round, Joined by Series A Investors MILPITAS, CA, February 15, 2008—Aquantia, the leading innovator of 10-Gigabit Ethernet solutions, today announced that it has closed its Series B round of financing, bringing in a total of $26 million. The round was led by Pinnacle Ventures. This increases the total amount raised by Aquantia to $41 million. Series A investors Lightspeed Venture Partners, Greylock Partners, and Venture Tech Alliance also participated in the round. “The rapid expansion of 10-Gigabit Ethernet represents a great opportunity for companies that deliver what customers are asking for,” said Ken Pelowski, founder and managing partner at Pinnacle Ventures. “Aquantia understands how important copper interconnect is to the evolution of the data center, and has developed innovative 10GBASE-T PHY solutions that meet those customer requirements.” “We welcome Pinnacle Ventures as an investor,” said Phil Delansay, president and CEO of Aquantia. “This latest financing provides the resources required for us to bring our first-generation devices to market, a market that is eager to see 10GBASE-T become a reality, and to continue our aggressive development efforts toward meeting our customers’ evolving needs.” “Aquantia understood the requirements of this market from the outset, and leveraged that understanding to drive their product definition and technology.” said Eric O’Brien, general partner at Lightspeed Venture Partners. “We are pleased to continue to support Aquantia as their products deliver on those requirements and enable mass adoption of 10 Gigabit Ethernet in the data center.” About Aquantia Aquantia is a supplier of 10GBASE-T Ethernet physical layer silicon that enables cost-effective, high-bandwidth connectivity at network edges with familiar RJ45 connectors and twisted-pair copper cabling. Low-power 10GBASE-T PHYs are instrumental in deployment of the converged network, in servers, switches and storage. Aquantia is an active participant in the Ethernet Alliance as well as IEEE initiatives, and uses its unique expertise to deliver the industry’s most advanced products. Aquantia has strong financial backing from Lightspeed Venture Partners, Greylock Partners, VentureTech Alliance, and Pinnacle Ventures. For more information, please visit www.aquantia.com. Contacts: Bill Woodruff Vice President of Marketing Aquantia Corp. (408) 228-8300 x202 bill.woodruff@aquantia.com Michael Schoolnik Story PR (415) 674-3816 michael@storypr.com Michael Schoolnik Story Public Relations http://storypr.com Direct: 415-674-3816 Mobile: 415-420-2391 Um, Aquantia announced this round a month ago:

Aquantia Closes $26 M Series B Funding Round

Pinnacle Ventures Leads Round, Joined by Series A Investors

MILPITAS, CA, February 15, 2008—Aquantia, the leading innovator of 10-Gigabit Ethernet solutions, today announced that it has closed its Series B round of financing, bringing in a total of $26 million. The round was led by Pinnacle Ventures. This increases the total amount raised by Aquantia to $41 million. Series A investors Lightspeed Venture Partners, Greylock Partners, and Venture Tech Alliance also participated in the round.

“The rapid expansion of 10-Gigabit Ethernet represents a great opportunity for companies that deliver what customers are asking for,” said Ken Pelowski, founder and managing partner at Pinnacle Ventures. “Aquantia understands how important copper interconnect is to the evolution of the data center, and has developed innovative 10GBASE-T PHY solutions that meet those customer requirements.”

“We welcome Pinnacle Ventures as an investor,” said Phil Delansay, president and CEO of Aquantia. “This latest financing provides the resources required for us to bring our first-generation devices to market, a market that is eager to see 10GBASE-T become a reality, and to continue our aggressive development efforts toward meeting our customers’ evolving needs.”

“Aquantia understood the requirements of this market from the outset, and leveraged that understanding to drive their product definition and technology.” said Eric O’Brien, general partner at Lightspeed Venture Partners. “We are pleased to continue to support Aquantia as their products deliver on those requirements and enable mass adoption of 10 Gigabit Ethernet in the data center.”

About Aquantia

Aquantia is a supplier of 10GBASE-T Ethernet physical layer silicon that enables cost-effective, high-bandwidth connectivity at network edges with familiar RJ45 connectors and twisted-pair copper cabling. Low-power 10GBASE-T PHYs are instrumental in deployment of the converged network, in servers, switches and storage.

Aquantia is an active participant in the Ethernet Alliance as well as IEEE initiatives, and uses its unique expertise to deliver the industry’s most advanced products. Aquantia has strong financial backing from Lightspeed Venture Partners, Greylock Partners, VentureTech Alliance, and Pinnacle Ventures. For more information, please visit http://www.aquantia.com.

Contacts:

Bill Woodruff

Vice President of Marketing

Aquantia Corp.

(408) 228-8300 x202

bill.woodruff@aquantia.com

Michael Schoolnik

Story PR

(415) 674-3816

michael@storypr.com

Michael Schoolnik

Story Public Relations
http://storypr.com

Direct: 415-674-3816
Mobile: 415-420-2391

]]> By: All About Nortel » Blog Archive » Why Can’t Nortel Buy Something Cool? http://venturebeat.com/2008/03/17/aquantia-raises-25-million-for-highest-speed-ethernet-chips/comment-page-1/#comment-799084 All About Nortel » Blog Archive » Why Can’t Nortel Buy Something Cool? Mon, 17 Mar 2008 14:05:29 +0000 http://venturebeat.com/2008/03/17/aquantia-raises-25-million-for-highest-speed-ethernet-chips/#comment-799084 [...] (and by no means am I advocating that this is an M&A target for Nortel). Aquantia just raised $25-million in venture capital to bolster development of ethernet chips, which process 10-gigabit Ethernet [...] [...] (and by no means am I advocating that this is an M&A target for Nortel). Aquantia just raised $25-million in venture capital to bolster development of ethernet chips, which process 10-gigabit Ethernet [...]

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