Wireless networking company Mist raises $28 million

Smart wireless networking company Mist has raised $28 million in a Series B financing round. The investment was led by GV (formerly Google Ventures), with additional funding from Lightspeed Venture Partners, Norwest Venture Partners, and Cisco Investments. Karim Faris, general Partner at GV, has joined Mist’s board.

The Mist platform is purpose-built on a microservices cloud architecture, and uses machine learning to automate key tasks like event correlation, and location, according to the company. It also leverages virtual BLE (vBLE) beacons to eliminate the management issues of physical beacons. Founded in June 2014, the company is based in Cupertino, CA.

Mist has raised roughly $43 million to date.

[Image courtesy: Mist]

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