|Traded as||NYSE: HIVE|
|Headquarters||Milpitas, California, U.S.|
|David Flynn (CEO)|
|Products||Wi-Fi access points, switches, branch routers, applications and cloud enabled network management|
|Revenue||US$169.8 million (2016)|
Number of employees
Aerohive Networks is an American multinational computer networking equipment company headquartered in Milpitas, California, with 17 additional offices worldwide. The company was founded in 2006 and provides wireless networking to medium-sized and larger businesses.
In 2012, Aerohive was listed on The Wall Street Journal's list of "Top 50 Start-Ups." The company raised around $105 million in venture capital funding before undergoing an IPO in March 2014.
Aerohive was founded in 2006 by Changming Liu. That same year, the company raised $4 million in series A round funding. In July 2007, the company raised an additional $20 million in series B round funding led by Kleiner Perkins Caufield & Byers. Aerohive completed a series C round of funding, raising $23.5 million to expand its sales and marketing strategy in March 2010. In 2011, the company acquired Pareto Networks, a cloud-based routing service, the acquisition allowed Aerohive to integrate Pareto's cloud management technology into its existing offerings. In September 2012, Aerohive raised $22.5 million in a series E round of funding and announced its plans to undergo an IPO the following year. The company raised an additional $10 million in funding as it prepared to go public, in 2013. On March 28, 2014, the company was listed on the New York Stock Exchange under the HIVE symbol. Aerohive joined Barack Obama's ConnectED initiative in October 2014, when it partnered with Apple Inc. and provided wireless connectivity to the schools receiving Apple products.
Aerohive announced that its devices would operate more seamlessly with Barracuda Networks security products in May 2015. In September 2015, the company announced a technology alliance with Juniper Networks. In January 2016, the company released HiveSchool, a learning application for K-12 classrooms that runs on any network with any computer running the Google Chrome web browser. The company announced that it had entered a distribution agreement with Synnex Corporation in February 2016. The agreement named Synnex as the exclusive distributor of Aerohive products in Canada. In April 2016, Aerohive announced a strategic partnership with the technology company Dell.
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Aerohive develops a controller-less LAN architecture called Cooperative Control, which provides all the performance, availability, management, mobility, and security needed in a large campus deployment. This architecture also enables secure, scalable, high-performance, and mission-critical wireless networking in a manageable and cost-effective way to industries such as education, distributed enterprises, retail, healthcare, state and local government and manufacturing. The company also develops an operating system, HiveOS, for access points and switches, a cloud-enabled management system, HiveManager, Wi-Fi planning tools, applications, and network administration tools for its devices.
The company makes available open REST APIs to its cloud platform, Aerohive Cloud Services, for developers to build Wi-Fi management and analytics solutions. In September 2016, Aerohive announced an update to its cloud management system, HiveManager NG, which enabled LAN networks to become software-defined.
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