Aerohive Networks raises $20M for controller-less wireless LAN

July 31, 2007 | Matt Marshall

Aerohive Networks, a Santa Clara, Calif. company that offers a controller-less wireless LAN access point which it hopes will challenge competing products from Cisco, Aruba and Trapeze, has raised $20 million in second round o financing.

Kleiner Perkins Caufield & Byers led the investment, while prevoius investors Northern Light Venture Capital and Lightspeed Venture Partners participated. Total funding is now $24 million.

The company says that its product removes the need for centralized control, making for more adaptable, flexible wireless networks. It allows various access points to join together in a so-called “hive,” takes over the function as a controller by sharing information between points.

Next Story: BridgeWave raises $7.8M for gigabit ethernet wireless
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Tags: deal

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.