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

Feed Type
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
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