Rusnano and Bright Capital invest in US next gen Wi-Fi chipset provider
Quantenna Communications, a leading player 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, the Russian nanotechnology giant, with participation by a second new investor, Bright Capital, a major Russian fund.
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.
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