Aerohive Networks Gets $23.5M

Santa Clara-based Aerohive Networks said Monday that the firm has raised $23.5M in a Series C investment round. According to the firm, the funding brings its total raised to $47.5M, and came from new and existing investors. The name of the investors were not announced by the company. Aerohive develops wireless LAN technology. The firm said the funding will go towards expanding sales, marketing, and development. More information »