Aerohive Networks Obtains $22,500,000 Series E Funding

  • Feed Type
  • Date
    9/12/2012
  • Company Name
    Aerohive Networks
  • Mailing Address
    330 Gibraltar Dr. Sunnyvale, CA 94089
  • 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.
  • Website
    http://www.aerohive.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $22,500,000
  • Transaction Round
    Series E
  • Proceeds Purposes
    The new funding will be used mostly to beef up its sales and engineering teams.
  • M&A Terms
  • Venture Investor
    Institutional Venture Partners
  • Venture Investor
    Kleiner Perkins Caufield & Byers
  • Venture Investor
    Lightspeed Venture Partners
  • Venture Investor
    New Enterprise Associates
  • Venture Investor
    Northern Light Venture Capital

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