RUSNANO Portfolio Company Opens the First Russian Design Center for Wi-Fi Chips
Quantenna Communications, Inc., a U.S. developer of next generation, high-performance Wi-Fi and RUSNANO, a 10-billion high-technology investment fund, announced the opening of a design center in St. Petersburg, Russia. It is the first time when Russian engineers will be working on the full development cycle—from algorithm and architecture development to industrial implementation.
The design center will contribute in the development of the next generation Wi-Fi chipsets, including chipsets for both the 802.11n and 802.11ac standard, where high throughput (up to 600 Mbit/s and 1.7 Gbit/s respectively) is combined with high reliability. Leaders in wireless carriers and equipment around the world are using Quantenna’s industry leading 802.11n chipsets that are capable of simultaneous transmission of four spatial beams HD video streaming in home across Wi-Fi devices.
For the next generation development, Quantenna raised $79 million led by RUSNANO and Sequoia Capital with participation from other funds such as DAG Ventures, Sigma Partners, Southern Cross Venture Partners, and Venrock Associates. RUSNANO will invest up to $40 million in the project.
Quantenna’s design center in St. Petersburg in contrast with design centers of other global hi-tech companies in Russia will be involved in the development of core technology, i.e., the fundamental technology of the next generation Wi-Fi chipsets.
“We will cooperate in development of cutting-edge technology,” said Georgy Kolpachev, managing director of RUSNANO, “The agreement with Quantenna will help to unleash the potential of the Russian engineering and research discipline. Russian engineers will be fully involved in the development of world-class wireless equipment.”
Dr. Nikolay Mikhaylov will be the General Director of the design center in St. Petersburg. Prior to joining Quantenna, he led Russian design center of MStar Semiconductor, where he and his team developed MStar’s widely deployed GPS/GLONASS chipset. Dr. Mikhaylov’s experience in building a development team and integrating it in international projects will be strong asset to the Quantenna-RUSNANO joint project. The center will employ up to 100 Russian software and hardware engineers, as well as algorithm developers and architects over the 3 years. The team will be fully set up by mid-2013.
“Participation in the development of architecture and design of next generation Wi-Fi chipsets lays the foundation for future wireless technologies,” said Dr. Mikhaylov. “Russia is traditionally strong in engineering projects where research plays a significant role. By joining efforts of Russian experts with the experience of Quantenna’s top-class international engineering team, Quantenna Russia center will enable the establishment of a new engineering discipline in Russia.”
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, Rusnano, Swisscom Ventures, Grazia Equity, and Telefónica Digital.
For more information, please visit www.quantenna.com
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RUSNANO was established in March 2011 as an open joint stock company through the reorganization of the 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. Work to establish a 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 the reorganization of the Russian Corporation of Nanotechnologies.