Quantenna Communications raises $21 Million in Series E financing

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Fremont: Quantenna Communications, a developer of silicon for high-speed, multimedia wireless networking, has raised $21 million in Series E financing round led by DAG Ventures, with the participation from the existing investors Sequoia Capital, Sigma Partners, Southern Cross Venture Partners and Venrock Associates. Founded in 2006, Fremont-based Quantenna has previously raised around $60 million, including a $15 million Series D round in February. Quantenna designs digital beamforming to deliver high-speed wireless coverage throughout the whole home for sharing high definition (HD) video and multimedia content. Quantenna's silicon is targeted at devices such as home residential gateways, set-top boxes, routers, HDTVs and consumer electronic devices, which all require high bandwidth and reliability to support whole home HD video distribution and networking over standard Wi-Fi networks. Quantenna said the new funding will be used to help expand its presence in 4x4 MIMO 802.11n Wi-Fi chipsets market and accelerate product deployment through carriers and retail channels worldwide. "In addition to supporting continued R&D advances, this funding will be used to execute product cost reductions as we accelerate high-volume mainstream deployment, and to expand our marketing, engineering and technical support resources as we increase our customer engagements, worldwide," said David French, CEO, Quantenna.