Aquantia Closes $26M Series B

MILPITAS, Calif. -- Aquantia, the leadinginnovator of 10-Gigabit Ethernet solutions, today announced that ithas closed its Series B round of financing, bringing in a total of$26 million. The round was led by Pinnacle Ventures. This increasesthe total amount raised by Aquantia to $41 million. Series Ainvestors Lightspeed Venture Partners, Greylock Partners, and VentureTech Alliance also participated in the round.

"The rapid expansion of 10-Gigabit Ethernet represents a greatopportunity for companies that deliver what customers are asking for,"said Ken Pelowski, founder and managing partner at Pinnacle Ventures."Aquantia understands how important copper interconnect is to theevolution of the data center, and has developed innovative 10GBASE-TPHY solutions that meet those customer requirements."

Aquantia Corp.