Mojo Networks, a Mountain View, CA-based provider of cloud-managed WiFi, closed a combination of Series E funding and debt of $30m.
Backers included previous investors Presidio Partners, Trident Capital, and Granite Ventures and new investors North Haven Expansion Credit, a fund sponsored by Morgan Stanley Private Credit & Equity, Walden Riverwood Ventures, and Alpha Technologies.
The company intends to use the funds to focus on investing in sales, marketing and engineering.
Founded in 2003 by Rick Wilmer, CEO, Mojo leverages cloud, big data analytics, automation, and self-awareness to provide an enterprise class WiFi solution that is not based on outdated controllers and proprietary hardware. This creates a self-driving, reliable WiFi network empowering IT with a better user experiences, several options, and speed at lower costs.