Aquantia, today announced it has secured $37 million in an oversubscribed Series H round of growth capital. New investors participating in this round include Credit Suisse’s Direct Equity Partners, GLOBALFOUNDRIES, and Walden Riverwood along with existing investor Cisco Investments. Aquantia has raised a total of $199M and currently employs over 160 people. Since its first round of funding in 2005, Aquantia has become a market leader in high-speed Ethernet copper connectivity solutions the data center and enterprise.
The additional funding marks a major milestone in the company’s history, having attracted strategic investment over the years from among the leading companies in semiconductor and networking innovations, including Intel Capital, Cisco Investments, Xilinx, GLOBALFOUNDRIES, and Venture Tech Alliance.
“The semiconductor industry is experiencing some of the biggest technology inflections in history. Traditional venture capitalists have mostly abandoned investing in emerging semiconductor companies primarily because the sector has become so capital intensive. With so much at stake, private semiconductor companies, with a strong business model, outstanding execution, unparalleled strategic backing and the ability to displace large incumbents present a unique opportunity for investors.” said Lip- Bu Tan, CEO of Cadence Design Systems and Founder and Chairman of Walden Riverwood. Read more....