HQ: Sunnyvale, Calif.
CEO: David Flynn
New Funding: $22.5 million
Backers: Institutional Venture Partners, KPCB, Lightspeed Venture Partners, New Enterprise Associates, Northern Light and Four Rivers
Aerohive, a late-stage wireless LAN startup that's won raves for its "cooperative control architecture," is often mentioned as a potential IPO candidate, especially with public offerings heating up again in the wireless and network infrastructure spaces. The company's Series E round, in the form of mezzanine equity financing, came coupled with other moves such as the naming of new global sales and operations executives.