NextHop, provider of WiFi networks for large companies, raises $4M more
NextHop Technologies., a Mountain View, Calif. provider of WiFi and other network software for large companies, said it has raised $4 million in a fourth round of financing.
Investors included New Enterprise Associates, Duchossois Technology Partners, Labrador Ventures, and Parker Price Venture Capital. The company’s total funding is $45.8 million.
From the company’s statement:
“Corporate Wi-Fi initiatives are expanding as companies realize increases in worker productivity gained from wireless deployments,” said Dan Phelps, general partner at Duchossois Technology Partners. “NextHop enables wireless solutions that integrate seamlessly into the existing network infrastructure, rather than burdening IT staff with an overlay network, to achieve the efficiencies of a mobile workforce with a more cost effective solution.”
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.












