Mist Closes Million Series B Round Led by GV

Company Delivers More “Industry Firsts” to Lead the Convergence of Wi-Fi and BLE CUPERTINO, Calif.–(BUSINESS WIRE)–Mist, a pioneer in smart wireless networking for the smart device era, today announced the close of an over-subscribed $28 million Series B financing, taking the total investment in the company to approximately $43 million. The round was led by GV (formerly Google Ventures), with additional funding from Lightspeed Venture Partners, Norwest Venture Partners, and Cisco Investments. With the latest round of financing, Karim Faris, General Partner at GV, has joined Mist’s Board of Directors. With this additional investment, Mist will grow sales and marketing resources, continue to invest heavily in engineering and product development, develop a robust channel of Managed Service Providers (MSPs), and collaborate with leading ecosystem and Original Equipment Manufacturer (OEM) partners.…


Link to Full Article: Mist Closes Million Series B Round Led by GV