Aerohive Secures $23.5M Series C Financing

Aerohive Networks, a Santa Clara, Calif.-based creator of a cooperative control wireless LAN (WLAN) architecture, has secured $23.5m in Series C equity funding.
The round included participation from new and existing investors.
Company’s backers include Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, and Northern Light Venture Capital.
To date, Aerohive has raised $47.5m in venture capital funding.
The new funds will be used to expand the company’s sales and marketing capabilities throughout the world and to continue development of the company’s WLAN technology, which is able to support a vast array of wireless devices, application types, and service levels, with faster client performance, wire-like resilience, and lower capital and operational costs.

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