Quantenna Communications Closes $21m Series E Funding Round

Quantenna Communications, Inc., a Fremont, Calif.-based fabless semiconductor company, has closed a $21m Series E funding round.
The investment was led by new backer DAG Ventures, with participation from the existing shareholders Sequoia Capital, Sigma Partners, Southern Cross Venture Partners, and Venrock Associates.
The new funds will be used to help extend the global reach of the company’s 4×4 MIMO 802.11n Wi-Fi chipsets and accelerate product deployment through carriers and retail channels worldwide.
The company’s chipsets – Full-11n™ – offer carrier-grade, industry-standard 802.11n features which are essential for distributing multiple high-definition (HD) video streams throughout the home at full, 1080p resolution. 
In conjunction with the funding, Nicholas K. Pianim, Managing Director with DAG Ventures, has joined Quantenna’s board of directors.

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