WiFi Chip Start-Up Gets $169m VC investment
It’s too expensive to back chip start-ups – received wisdom – right? Wrong if you’ve got a good IC.
A WiFi chip start-up got $79 million this week on top of an initial $90 million.
Quantenna Communications of Fremont raised the money on the back of a super-WiFi chip with exceptional range and throughput.
Quantenna makes what it calls 4×4 MIMO 802.11n Wi-Fi chip which, claims the company, are fast enough to stream HD video. The chip streams four HD video channels simultaneously. Data rates ‘can hit’ 180Mbps.
When the 802.11ac standard comes in either this year or next, an 802.11ac chip to from Quantenna will deliver 360Mbps, says Quantenna CEO Sam Heidari.
Heidari says ‘a number of major service providers’ have said they’ll use the chip.
Russky VC firm Rusnano will put in $40 million of the latest $79 million round, Sequoia will put in $20m, and three other VCs will put in the rest.