Wi-Fi chipset vendor Quantenna Communications has raked in $22 million in its latest investment round and added two members to its board of directors in the process.
Leading new investors in the latest round were Centerview Capital Technology, Vivint and NTT Group. In tandem with the financing, founding partner of Centerview Capital Ned Hooper and Harold Hughes were appointed to Quantenna’s board.
Both Hooper and Hughes will add some industry weight to the board. Prior to Centerview Capital, Hooper was the senior vice president and chief strategy officer at Cisco. Hughes has held many prominent leadership positions during his career, including CEO of Rambus, CFO of Intel, and directorship at several technology companies.
“The Quantenna team is honored to have both Ned and Harold join our board and we look forward to working closely with them as we enter the next phase of our growth,” said Dr. Sam Heidari, CEO of Quantenna Communications. “Ned and Centerview Capital Technology will bring a wealth of strategic and operational experience in our core and adjacent markets, and Harold’s extensive financial and operational insights will be instrumental as we scale through our accelerating growth.”
As for the $22 million, Quantenna, which bills itself as the fasted growing wireless silicon company in the world, said it would use the funds to expand its investment in wireless technology.
Quantenna said it has shipped tens of millions of its Wi-Fi chipsets, which are being deployed by tier one telecom, cable and satellite service providers, as well as retail OEMs, worldwide. Quantenna’s customers include AT&T, DirecTV, Orange and Telefonica.