Wednesday, July 18, 2007

NextHop Adds $4M

Mountain View-based NextHop Technologies, a provider of Wi-Fi network protocol software, announced Tuesday that it has raised $4.0M in a Series D funding. Funding came from New Enterprise Associates, Duchossois Technology Partners, Labrador Ventures, and Parker Price Venture Capital. The round brings the company's total funding to $45.8M. NextHop said that the funding round will go towards accelerating the firm's product development. Nexthop last raised a round of funding in November of last year from the same set of investors. More information »