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New Enterprise Associates Joins $35M Series For Aquantia

05/14/2012

Aquantia, a developer of High Speed Ethernet connectivity solutions for cloud computing and large scale data center deployments, has completed a Series F financing of $35 million, with new investor RUSNANO leading the round, joined by current investors. RUSNANO will invest $25 million, and current and new investors will contribute $10 million to the financing round.

"NEA is excited to continue to support Aquantia as the company expands operations to meet the ever-increasing demand for its superior technology," added NEA partner Rohini Chakravarthy. "We see network capacity build-up expected to support 15 billion connected devices by 2015. This represents a tremendous opportunity for Aquantia."

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