Rusnano, the Russian-state backed investment fund, has helped Aquantia, a US-based developer of high-speed ethernet connections backed by LSI Corporation, raise $35m.
Rusnano led the series F round investing $25m itself.
Sergey Polikarpov, a Rusnano managing director, said: "Aquantia is the only 10 Gigabit Ethernet (10GE) silicon provider to meet our investment criteria in the highspeed data center interconnect space. We believe big data and global data center traffic are going to see a tremendous swell in the next several years, and Aquantia’s technology is essential to improving server performance while realizing greater cost efficiencies. This is a premium opportunity for us to participate in the market growth and its rewards."
Aquantia added it would set up a design centre in Russia.
In June last year NYSE-listed technology company LSI Corporation joined a $21m E round backing Aquantia.
All existing Aquantia investors, including venture capital firms New Enterprise Associates, Lightspeed Venture Partners, Greylock Partners, Pinnacle Ventures and Venture Tech Alliance, took part in that round. Venture Tech Alliance has a strategic partnership with Asian corporate Taiwan Semiconductor Manufacturing Company. Aquantia’s previous Series D funding round raised up to $44m in December 2009.