Mist Systems Closes $28 Million Series B

Palo Alto – October 13, 2016 – Cooley advised Mist Systems on its over-subscribed $28 million Series B financing led by GV (formerly Google Ventures), which included participation from Lightspeed Venture Partners, Norwest Venture Partners and Cisco Investments.

Mist Systems delivers the world’s first intelligent wireless network products that leverage machine learning.

“The latest round of financing will help us further our goal of delivering amazing wifi and Bluetooth experiences to the billions of people using smartphones, tablets and laptops,” said Sujai Hajela, CEO and co-founder of Mist, in the company’s press release. “At the same time, we are committed to simplifying wireless operations and lowering IT costs by being the first vendor to bring big data and machine learning at web scale to wireless networking.”

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