NextHop Raises $4.8MNextHop Raises $4.8M

NextHop Technologies announced that it has closed a Series C funding round of $4.8 million

November 30, 2006

1 Min Read

MOUNTAIN VIEW, Calif. -- NextHop Technologies® Inc., the definitive source for network software solutions, today announced that it has closed a Series C funding round of $4.8 million. These funds will be used to accelerate NextHop's product vision and expand sales channels for its unified wired and wireless networking software worldwide. This most recent financing included all of NextHop's previous investment partners: New Enterprise Associates, Duchossois Technology Partners, Labrador Ventures, and Parker Price Venture Capital. This brings total funding in the company to $41.8 million.

"Beyond their traditional networking software, NextHop Technologies is bringing a very innovative wireless solution to the market," said Dick Kramlich, general partner / co-founder, NEA. "We are pleased to see that the company's products have been enthusiastically embraced by their initial OEM customers, who are aggressively marketing and ramping production."

NextHop Technologies Inc.

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