Aerohive Networks Obtains $22,500,000 Series E Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=50f0585c-730f-4aba-bfac-8d7e2532231c&Preview=1 -
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
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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
