Aquantia to Highlight Funding Success at Silicon Valley Event
GSA Entrepreneurship Conference panel will showcase successful semiconductor
MILPITAS, Calif. -- July 15, 2013
Aquantia, the leading developer of High Speed Ethernet connectivity solutions
for cloud computing and large-scale data center deployments, announced today
that it will participate in the GSA Entrepreneurship Conference, to be held at
the Computer History Museum in Mountain View, Calif., on Thursday, July 18,
2013. Faraj Aalaei, Aquantia’s president and CEO, will be part of a panel
discussion titled “Success Stories in Funding, IPOs and M&As” at 6:30 p.m. Mr.
Aalaei has raised funds in excess of $250 million for his semiconductor
companies from private and public investors, executed several M&A deals and
taken his previous start-up through IPO.
The GSA Entrepreneurship Conference, produced by the Global Semiconductor
Alliance, explores how semiconductor businesses are successfully securing
funding and completing IPOs, mergers and acquisitions. Aquantia, which was
founded in 2005, has raised more than $140 million in funding from a broad
range of tier-1 venture capital firms, including New Enterprise Associates,
Lightspeed Venture Partners, Greylock Venture Partners, Pinnacle Ventures and
RUSNANO, as well as a number of strategic investors including LSI, and Venture
Tech Alliance. Aquantia’s last financing was a $40-million Series F funding
round completed in May 2012. In addition, Aquantia acquired the 10GBASE-T
assets of PLX Technology (NASDAQ:PLXT) in September 2012, increasing its
footprint in the market and broadening its patent portfolio.
“Aquantia has attracted the investment of the most recognized and
forward-looking venture capital firms and strategic partners in the sector
because of its unique technology and rapidly expanding market success,” Aalaei
said. “As we continue to drive the fast adoption of our silicon solutions in
data center environments, we look forward to sharing our successful funding
experience with the GSA community.”
The trends towards mobile, video and cloud continue to accelerate, creating an
unprecedented migration and consolidation of data into large-scale data
centers. Simultaneously, the virtualization of servers continues to increase
rapidly, creating even more demand for faster LAN interfaces. In 2012, major
server OEMs released a new class of 10GBASE-T capable servers using the
powerful Xeon E5 processors, creating a combination of high-performance
processing and high-speed I/O, allowing the deployment of a new generation of
10GE infrastructure. The launch of these 10GBASE-T servers, together with a
broad range of 10GBASE-T based switches marked the beginning of the transition
of this technology to mass deployment.
Aquantia is playing a critical role in this transformation, having delivered
the world’s most mature, lowest power and smallest footprint 40nm 10GBASE-T
PHY in production, for high-density switches, and the world’s only 10GBASE-T
solution for LAN-on-Motherboard (LOM) servers. As Jag Bolaria, senior analyst
at The Linley Group, recently stated, Aquantia has quickly established itself
as the leader in 10GBASE-T semiconductors within this growing market segment,
culminating in the company’s January 2013 milestone of shipping a cumulative 1
million 10GBASE-T ports.
As more products from OEMs have recently been made available, the growth for
10GBASE-T is set to accelerate in the coming quarters, as evidenced also by
the latest forecast from Crehan Research, which is projecting that more than 4
million 10GBASE-T ports will ship in the year 2013. The combined market share
of data center-class switching OEMs having a 10GBASE-T offering for their core
products now stands at a staggering 95 percent, completing the swath of server
products offered with that interface.
Go to our website for the most recent news about 10GBASE-T in Romley servers,
connect with the Aquantia Team on LinkedIn and follow Aquantia on Twitter for
ongoing updates on 10Gigabit Ethernet connectivity in the data center and
cloud computing environments.
Aquantia’s 10Gigabit Ethernet ICs are at the heart of cloud computing and
large-scale data center deployments taking place today. This market segment is
going through a very fast transition, with astounding growth in the total
amount of compute power and the move to faster connectivity. This has in turn
led to a new paradigm for 10Gigabit Ethernet all across the ecosystem. With
its 10GBASE-T silicon products, Aquantia delivers to its OEM customers the
most versatile and highest performance 10Gigabit Ethernet connectivity
solution while providing lowest Total Cost of Ownership (TCO). Located in
Silicon Valley, Aquantia is a venture-backed company, with strong tier-1 VCs
and strategic investor support. For more information, visit www.aquantia.com.
Deb Porchivina, 415-272-0943
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