US-based ethernet technology provider Aquantia raised $37m in series H funding yesterday from investors including networking equipment maker Cisco, semiconductor foundry GlobalFoundries and financial services firm Credit Suisse.
Cisco invested through its corporate venturing arm Cisco Investments, while Credit Suisse participated through Direct Equity Partners, one of its investment vehicles. Walden Riverwood also contributed funds.
Founded in 2005, Aquantia produces high-speed ethernet connectivity technology for data centres and enterprise infrastructure. The technology, dubbed AQrate, enables faster speeds to be reached on existing cables. The company has now raised $199m in funding altogether.
Aquantia’s investors also include Intel Capital, the corporate venturing unit of chip manufacturer Intel, programmable logic device maker Xilinx, which led its $16m series G round in March 2014, and electronics company LSI, which took part in its $21m series E round in 2011.
Lightspeed Venture Partners, Greylock Partners, VentureTech Alliance and Rusnano Capital, a subsidiary of Russian government-backed investment firm Rusnano, have also participated in previous rounds.