Aquantia, a Milpitas, Calif.-based developer of High Speed Ethernet connectivity solutions for cloud computing and large scale data center deployments, has completed a $35m Series F financing.
The round was led by new investor RUSNANO, which committed $25m, with participation from current investors, including New Enterprise Associates (NEA), which will contribute the remaining $10m. Other existing backers in the company are Lightspeed Venture Partners, Greylock Partners, Pinnacle Ventures, Venture Tech Alliance, and LSI Corporation.
The company intends to use the capital to expand operations, and product lines in Big Data and Enterprise.
Led by president and CEO Faraj Aalaei, Aquantia provides OEM customers with its c10GBASE-T solutions designed to accelerate the switch to 10G Ethernet in Large-Scale Data Centers. The company will establish a new design center in Russia. The Russian R&D center will support the headquarter Silicon Valley R&D group in chip design and software development, as well as product testing.