East-West Digital News 18 April 2012
Quantenna Communications, a leading player in ultra-reliable Wi-Fi video networking for whole-home entertainment, announced today that it has closed a $79 million funding round led by new lead investor Rusnano, the Russian nanotechnology giant, with participation by a second new investor, Bright Capital, a major Russian fund.
All existing major investors, Sequoia Capital, DAG Ventures, Grazia Equity, Sigma Partners, Southern Cross Venture Partners and Venrock Associates have also participated in the financing. Rusnano will invest up to $40 million and Sequoia Capital Growth Fund will contribute $20 million.
Quantenna’s innovative Wi-Fi chipsets offer “wire-like reliability” for wireless video content distribution around the home and other demanding applications, the company claims. They represent “the only commercially available solution for ultra-high reliability, carrier-grade video distribution in both managed and OTT architectures.”