Aerohive Networks Receives $25,000,000 Series D Funding

  • Feed Type
  • Date
    3/28/2011
  • 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
    $25,000,000
  • Transaction Round
    Series D
  • Proceeds Purposes
    New funds will be used to expand the company’s sales and marketingcapabilities throughout the world and for future product/companyacquisitions and/or the ability to enter into new markets.
  • M&A Terms
  • Venture Investor
    New Enterprise Associates
  • Venture Investor
    Kleiner Perkins Caufield & Byers
  • Venture Investor
    Lightspeed Venture Partners
  • Venture Investor
    Northern Light Venture Capital