Aerohive Networks Secures $23,500,000 Series C Financing Round

  • Feed Type
  • 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
  • Venture Investor
    Kleiner Perkins Caufield & Byers
  • Venture Investor
    Northern Light Venture Capital
  • Venture Investor
    Lightspeed Venture Partners

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