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Quantenna Communications Receives Additional Funding From a Leading Service Provider

7/31/09 - Quantenna Communications, Inc. announced that it has added to its Series C funding round with a new investor Swisscom, Switzerland's leading telecommunications provider. The Series C round also includes previous announced investors Grazia Equity, Sequoia Capital, Sigma Partners, Southern Cross Venture Partners and Venrock Associates. With this additional funding investment, Quantenna plans to expand its technology leadership position in whole-home 4x4 MIMO wireless networking with dynamic digital beamforming and continue to expand its field trials with leading customers. To date, Quantenna has raised over $44 million.

"Our investment in Quantenna Communications underscores our commitment to reliably deliver wireless and quadruple play telecommunications services to our customers in Europe," said Par Lange, investment manager at Swisscom. "We look forward to further collaboration with Quantenna to explore these advance technologies and solutions."

"Swisscom's investment in Quantenna Communications is one of our most significant commitments, which will enable us to deliver high performance and reliable wireless connections for media streaming of high definition (HD) video throughout the whole home," said Behrooz Rezvani, Quantenna's president and chairman. "Our joint collaboration is a great example of how Wi-Fi wireless coverage can be enhanced and improved by using Quantenna's 4x4 MIMO solution with digital beamforming technology."

Quantenna is focused on solving today's home networking challenges, which include delivering ultra-reliable, high-speed wireless coverage throughout the whole home to support sharing of HD video and multimedia content between home gateways and TVs anyplace, anywhere. Quantenna relies on a unique combination of standards-based 4x4 MIMO technology and dynamic digital beamforming to deliver advanced broadband applications throughout the home. Quantenna's chipsets are designed for use in consumer electronics devices, such as home residential gateways, set-top boxes, routers and HDTVs, which all require high bandwidth and reliability to support whole home video streaming and networking over standard Wi-Fi networks.

Quantenna's 4x4 MIMO with dynamic digital beamforming solutions are sampling now and currently being field tested.

Quantenna Communications, Inc. is a fabless semiconductor company developing standards-based 802.11n 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 Grazia Equity, Sequoia Capital, Sigma Partners, Southern Cross Venture Partners and Venrock Associates.

By Robert Hoskins

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