Aerohive Buzzes with $25M Series D

3/29/11Follow @wroush

Sunnyvale, CA-based Aerohive said yesterday that it has collected $25 million in a Series D financing round let by new investor New Enterprise Associates (NEA). Existing investors Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, and Northern Light Venture Capital were also on board. The company makes wireless access points for local Wi-Fi networking in schools, hospitals, factories, and large businesses that self-organize into “hives,” eliminating the need for central controllers. The five-year-old company, which acquired Pareto Networks in January, said it will use the funds “to expand the company’s sales and marketing capabilities throughout the world and for future product/company acquisitions and/or the ability to enter into new markets.”

Wade Roush is a contributing editor at Xconomy. Follow @wroush

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