Tuesday, April 24, 2012

Amalfi Semiconductor Closes $20M Funding

LOS GATOS, CA--(Marketwire - Apr 24, 2012) - Amalfi® Semiconductor, an emerging leader in cost effective, high performance power amplifier solutions for cellular handsets, today announced that it has raised an additional $20 million from existing investors Battery Ventures, DCM and Globespan Capital Partners. Amalfi plans to use the funds to expand its business operations and accelerate new product development programs of its next-generation CMOS power amplifier technologies.

"Amalfi is experiencing tremendous growth with worldwide Tier 1 and China ODM handset customers, in addition to having a strong CMOS integration roadmap for the 3G market. This commitment from our existing investors demonstrates the confidence they have in our ability to deliver disruptive technology," stated Mark Foley, CEO and President at Amalfi. "We've had a tremendous year and a dramatic ramp up in the adoption of our products. As we grow rapidly, this additional funding accelerates our next phase of product development, while allowing us to guarantee exceptional customer service."

With over 75 million transmit modules shipped, Amalfi is the industry's leading CMOS power amplifier company. Amalfi's current technology is primarily targeted for use in entry-level and ultra-low cost 2G GSM/GPRS cellular handsets in emerging markets. The company introduced its first family of CMOS-based 2G GSM/GPRS transmit module (TxM) integrated circuits (IC) in 2009. In August 2011, Amalfi launched its second-generation AdaptiveRF™ architecture, designed to deliver industry-leading performance at significantly reduced costs compared to traditional GaAs modules.

"We have clearly been able to demonstrate the benefits of our CMOS technology at the 2G level," added Foley. "We will further drive these price and performance benefits for feature and entry-level smartphones while introducing new advanced products that apply these same CMOS integration benefits to 3G and LTE mobile phones and data terminals."

About Amalfi Semiconductor
Amalfi Semiconductor is a fabless semiconductor company specializing in cost effective, high performance CMOS RF and mixed-signal ICs. The Company's proprietary CMOS based architecture, AdaptiveRF™, has proven to increase the battery life or talk time of cellular handsets while decreasing the size and cost of front-end cellular hand set designs. The company has strong financial backing, with funding from industry leading venture capital companies -- Battery Ventures, DCM, Globespan Capital Partners, and strategic investors. Amalfi Semiconductor can be contacted at their corporate headquarters in Los Gatos, Calif. at +1-408-399-5360 or atwww.amalfi.com.

About Battery Ventures
Since 1983, Battery has been investing in technology and innovation worldwide. The firm partners with entrepreneurs and management teams across technology sectors, geographies and stages of a company's life, from seed, start-up and expansion financing, to growth equity and buyouts. From offices in Boston, Silicon Valley and Israel, Battery manages nearly $4B in committed capital, including its current fund of $750M. For more information, visit www.battery.com.

About DCM
DCM is an early stage venture capital firm that has been helping entrepreneurs build world-class technology companies since 1996. The firm's partners manage funds totaling over US$2 billion, and have made investments in more than 150 technology companies across the United States and Asia. With offices in Silicon Valley, Beijing and Tokyo, DCM provides hands-on operational guidance and a vast network of business and financial resources to its portfolio of companies globally. For more information, visit www.dcm.com.

About Globespan
Globespan Capital Partners is a global venture capital firm with over $1 Billion under management. Globespan primarily invests in go-to-market rounds of information technology, Internet and mobile communications companies. Our investment team has a proven track record of effectively working with entrepreneurs, top tier co-investors and strategic partners to help build market-leading companies. In addition, our dedicated Asian Business Development team provides unparalleled access to Asian markets offering a compelling advantage to our entrepreneurs. With offices in Boston and Palo Alto, we invest throughout the world on behalf of an international base of limited partners. For more information, visit www.globespancapital.com.

Tuesday, April 17, 2012

Quantenna Raises $79 Million

FREMONT, Calif. & MOSCOW--(BUSINESS WIRE)--Quantenna Communications, Inc., the leader in ultra-reliable Wi-Fi video networking for whole-home entertainment, announced today that it has closed a $79 million funding round led by new lead investor RUSNANO, with participation by a second new investor Bright Capital. All existing major investors,Sequoia Capital, DAG Ventures, Grazia Equity, Sigma Partners, Southern Cross Venture Partners and Venrock Associates have also participated in the financing. RUSNANO will invest up to $40 million and Sequoia Capital Growth Fund will contribute $20 million.

Quantenna is experiencing insatiable demand for its disruptive Wi-Fi chipsets that offer the industry’s highest performance and coverage while providing wire-like reliability for wireless video content distribution around the home and other demanding applications. According to market research firm Gartner, Wi-Fi-enabled device shipments will grow from less than 1 billion units in 2010 to more than 3 billion in 2015, making Wi-Fi one of the most influential wireless technologies in the years to come. According to Cisco’s 2011 Visual Networking Index Forecast, video alone is expected to reach about 90% of global traffic. Video services have become a primary revenue source for carriers worldwide, and demand continues to grow at an unprecedented pace for video content delivery from emerging over-the-top (OTT) service providers. Quantenna’s 4x4 MIMO chipsets represent the only commercially available solution for ultra-high reliability, carrier-grade video distribution in both managed and OTT architectures.

RUSNANO’s investment will leverage synergies between Quantenna’s portfolio and a number of nanotechnology initiatives that are underway at RUSNANO, whose mission is to develop the Russian nanotechnology industry through a variety of co-investment opportunities. Quantenna designs its products utilizing the latest semiconductor process technology, and is pursuing 40- and 28-nanometer process for its next-generation products. RUSNANO Managing Director George Kolpachev will become a member of Quantenna’s board of directors, and RUSNANO investment manager Vladislav Tropko will become a board observer. Quantenna will open a Russian subsidiary.

“We are very excited to be joining Quantenna investors and to lead this funding round,” said George Kolpachev. “Quantenna has done more than any other company in the world to unleash the technical potential of Wi-Fi by pioneering 4x4 solutions. This investment, along with our collaboration on a subsidiary entity in Russia, will help expand the role that Russia’s science and engineering schools are playing in the development of world-class solutions for the rapidly growing wireless equipment segment.”

“Sequoia Capital is pleased to be a returning investor in this funding round with a significant investment through our Sequoia Growth Fund,” added Mike Goguen, Managing Partner, Sequoia Capital. “We believe Quantenna is entering a new phase of hyper revenue growth.”

Quantenna’s funding will be used to expand its engineering and service organizations in order to support the rapidly growing list of service providers deploying its 4x4 MIMO 802.11n chipsets worldwide. Quantenna’s chipsets have already been integrated into products for service providers and retail applications from leading companies such as AirTies, Amper,Datasat Technologies, Gemtek, Motorola, Netgear, Sagemcom, Sigma Designs, Swisscom, Technicolor and Telef√≥nica. A number of other new domestic and international service providers are planning to deploy Quantenna 4x4 MIMO chipsets for video distribution applications. Quantenna will also use the funding to accelerate new product development as it enters new market segments.

“Successful deployment of wireless Internet-enabled TVs, video game consoles and set-top boxes demands that multiple high-definition video streams can be distributed to any point in the home with ultra-high reliability and performance at full, 1080p resolution,” said Enrique Blanco, Chief Technology Officer, Telefonica. “This requires 802.11n at 5GHz technology with the right feature set for delivering the optimum subscriber experience.”

“In this fast-growing market space, our technology continues to be the leading choice among service providers for ultra-reliable wireless video distribution anywhere in the home,” added Dr. Sam Heidari, Chief Executive Officer, Quantenna. “Our video-over-Wi-Fi chipsets are on their way to penetrating new markets this year beyond the service provider segment. The round also enables us to expand our presence in Russia with the addition of a team of highly qualified specialists.”

“One of the key drivers in the service provider market is long-reach reliability, which requires a combination of technologies such as MIMO and beamforming. Service providers are embracing these solutions because of their ability to deliver the necessary performance and reliability at any corner of the home without costly maintenance calls or support. Also poised for growth in the retail networking market is 802.11ac, which delivers increased speed, capacity, coverage and battery life,” confirmed Craig Mathias, Principal, Farpoint Group.

About Quantenna Communications, Inc.

Quantenna Communications, Inc. is a fabless semiconductor company developing standards-based 802.11n and 802.11ac MIMO chipsets that deliver the highest levels of performance, speed and reliability for wireless networks and devices. Headquartered in Fremont, Calif., Quantenna has assembled a management and engineering team with a long track record of start-up success, and is backed by leading venture capital firms, including Sequoia Capital, Venrock, Sigma Partners, Southern Cross Venture Partners, DAG Ventures, Swisscom Ventures, Grazia Equity, and Telefónica Digital. For additional information, please visit http://www.quantenna.com.

About RUSNANO

RUSNANO was founded in March 2011 as an open joint stock company through reorganization of state corporation Russian Corporation of Nanotechnologies. RUSNANO's mission is to develop the Russian nanotechnology industry through co-investment in nanotechnology projects with substantial economic potential or social benefit. The Government of the Russian Federation owns 100 percent of the shares in RUSNANO. Anatoly Chubais is CEO and chairman of the Executive Board of RUSNANO.

Work to establish nanotechnology infrastructure and training for nanotechnology specialists, formerly conducted by the Russian Corporation of Nanotechnologies, has been entrusted to the Fund for Infrastructure and Educational Programs, a non-commercial fund also established through reorganization of the Russian Corporation of Nanotechnologies. For more information, please visit the company’s website at www.rusnano.com.