Menu
Mist Systems builds out A/NZ channel presence amid $46M funding round

Mist Systems builds out A/NZ channel presence amid $46M funding round

The Series C financing round sees the Californian artificial intelligence-powered networking solution vendor’s total funding tally to date surge to US$88 million

Bob Friday - Mist Systems co-founder and former Cisco CTO

Bob Friday - Mist Systems co-founder and former Cisco CTO

The local channel activity of “self-learning” wireless networking start-up, Mist Networks, could be set to ramp up after closing a US$46 million funding round.

The Series C financing round sees the Californian artificial intelligence-powered networking solution vendor’s total funding tally to date surge to US$88 million, with the latest round of financing set to see the company grow sales and marketing resources globally.

Mist Systems was founded by ex-Cisco executives, including former wireless and cloud networking group vice president, Sujai Hajela, and former Cisco CTO, Bob Friday.

The company has made a name for itself thanks to its artificial intelligence-driven WLAN platform, designed to make Wi-Fi predictable and more reliable.

The new funding round was led by Kleiner Perkins, with additional funding from Lightspeed Venture Partners, Norwest Venture Partners, GV (formerly Google Ventures), NTT DOCOMO Ventures, and Dimension Data.

While the fresh investment will see the company continue to pump money into engineering, especially in the area of AI, it is expected to also substantially contribute to the ongoing development of its partner network, both globally and in Australia and New Zealand.

Mist Systems is very much a channel-focused company and has already built relationships with partners, including value-added resellers and managed service providers, in various markets.

At least some of the company’s new capital injection will be pumped into fresh resources to support customers and partners in the A/NZ region. Specifically, Mist Systems will continue to develop a robust channel of MSPs and collaborate with leading ecosystem partners. 

As part of this growth, the company is also building out its local presence in A/NZ.

“Mist Systems recognises the growth opportunities in A/NZ and is looking to expand its reach and coverage throughout the region with a focus on key industries, including hospitality, gaming and retail, government, and telecommunications,” Mist Systems’ A/NZ director of sales, Zohar Cohen, said.

“Mist Systems will sell directly and through the channel in the local market to maximise opportunities in the region and help quickly expand its presence,” he said.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags NetworkingciscoWi-FiWLANAIaritifical intelligenceMIst Networks

Brand Post

What to expect from your IT Distributor

Whether you’re just starting out or you’ve been around since before the dot com rollercoaster, choosing the right distribution partner can be a pivotal factor in your success. This definitive guide outlines the traits that every IT partner needs to look for in their IT Distributor.

Featured

Slideshows

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

This exclusive Reseller News Exchange event in Auckland explored the challenges facing the partner community on the cloud security frontier, as well as market trends, customer priorities and how the channel can capitalise on the opportunities available. In association with Arrow, Bitdefender, Exclusive Networks, Fortinet and Palo Alto Networks. Photos by Gino Demeer.

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security
Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomed 2019 inductees - Leanne Buer, Ross Jenkins and Terry Dunn - to the fourth running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing face of the IT channel ecosystem in New Zealand and what it means to be a Reseller News Hall of Fame inductee. Photos by Gino Demeer.

Reseller News welcomes industry figures at 2020 Hall of Fame lunch
Show Comments