Russian Government Fund an Investor in Quantenna

The Russian government-funded Rusnano has invested in Wi-Fi chipmaker Quantenna and pledged it up to $40 million, according to BusinessWeek. Quantenna CEO Sam Heidari, who was in Russia last week for the sixth time, said that in addition to its funding, Rusnano “has visibility in that part of the world.” Quantenna’s “super Wi-Fi” chips are used in STBs that pay TV services to install for their ability to handle multiple streams of HD video. Rusnano has invested in a number of US technology companies, especially in biotechnology outfits. It has also invested in NeoPhotonics, which works on video/audio transmission technology for the likes of Alcatel-Lucent.

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