Aerohive Networks Secures $23,500,000 Series C Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d4317476-64f9-40d5-acd6-ded4453b91a7&Preview=1 -
Date
3/23/2010 -
Company Name
Aerohive Networks -
Mailing Address
3150-C Coronado Drive Santa Clara, CA 95054 -
Company Description
Aerohive Networks is pioneering a next-generation enterprise wireless LAN architecture. Aerohive’s cooperative control wireless LAN architecture eliminates wireless LAN controllers, providing all the management, mobility, and security of controller-based architectures without the cost, capacity, performance and availability issues associated with controller deployments. In addition, Aerohive solutions provide the reliability and scalability necessary for mission-critical networks and are optimized for voice over wireless LAN (VoWLAN) applications. -
Website
http://www.aerohive.net -
Transaction Type
Venture Equity -
Transaction Amount
$23,500,000 -
Transaction Round
Series C -
Proceeds Purposes
The new funds will be used to expand the company’s sales and marketing capabilities throughout the world and to continue development of the company’s award-winning controller-less WLAN technology. -
M&A Terms
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Venture Investor
Kleiner Perkins Caufield & Byers -
Venture Investor
Northern Light Venture Capital -
Venture Investor
Lightspeed Venture Partners
