Aerohive Raises $25 Million in Series D funding


Posted on 28th March 2011 by cloudhostingguy in Cloud Hosting

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Aerohive distributes cloud based wifi and routing products raised $25 million in series D funding from New Enterprise Associates with Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, and Northern Light Venture Capital participating in the round. Aerohive’s has raised close to $70 million so far.

The money should go to good use for marketing and sales efforts.  Should also go for new acquisitions in the near future. Aerohive not so long ago acquired a fellow competitor Pareto Networks.  This has made them the leading cloud-based networking company in the world. PPC Management

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