Monday, July 30, 2007

Aerohive Networks Gets $20M

Santa Clara-based Aerohive Networks, a developer of wireless LAN access points for the enterprise WLAN market, said this morning that it has received $20M in a Series B investment. Aerohive said that the round came from Kleiner Perkins Caufield & Byers, which led the round, along with previous investors Northern Light Venture Capital and Lightspeed Venture Partners. The round brings the company's total raise to $24M. Aerohive said the funding will go towards expanding sales and marketing, along with continued development. More information »