Cloud-Based Networking Company Aerohive Networks Raises $25 Million

Wireless LAN company Aerohive Networks has raised $25 million in Series D financing led by New Enterprise Associates with Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, and Northern Light Venture Capital participating in the round. This brings Aerohive's total funding to $70 million. Founded in 2006, Aerohive Networks offers cloud-enabled, distributed Wi-Fi and routing products for enterprises and medium sized companies. Aerohive says that its controller-less Wi-Fi and cloud-based networking saves money for companies and provides better application performance.

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