Quantenna Communications Named to the Red Herring Top 100
Honored Bestowed on Quantenna for Being Among This Year's Most Promising Private Technology Ventures in North America
FREMONT, Calif., May 19, 2009 - Quantenna Communications, Inc., a leading developer of silicon for high-speed, wireless high definition (HD) video home networking, announced today that it has been named as one of the “Red Herring 100 North America” for 2009. This prestigious annual award honors the most promising private technology ventures in North America.
Out of 1,200 successful and highly eligible companies, the Red Herring editorial team deployed a detailed process to first identify 200 finalists, then narrowed down the selection to the top 100 winners of this North America award. Evaluations were made on both quantitative and qualitative criteria, including financial performance, technology innovation, quality of management, execution of strategy and integration into their respective industries. This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.
Quantenna was selected by the Red Herring editorial team for its innovation in the area of delivering HD television and multimedia entertainment over standard wireless home networks. This month, the company also closed Series C funding of $14 million and introduced David French, a proven semiconductor veteran as new its CEO. With funding and leadership in place, Quantenna will be able to continue solidifying its market position and grow the company to support demand for its standards-based, Wi-Fi HD video home networking solutions.
“We are delighted to be selected as a winner of the Red Herring 100 award," said Dr. Behrooz Rezvani, Quantenna’s chairman and president. “Red Herring was able to identify that Quantenna possesses world-class technology and superb customer interest in a growing market, while being well-positioned to capture market share. The next major step in home entertainment will be ensuring a positive consumer experience by delivering HD content and wireless networking throughout the home in an ultra-reliable way using standard Wi-Fi networks.”
About Red Herring
Red Herring is a global media company, which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at www.redherring.com.
About Quantenna Communications, Inc.
Quantenna Communications, Inc. is a fabless semiconductor company developing next-generation 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. For additional information, please visit www.quantenna.com.