Mist Raises $46M ‘C’ Round

Mist, a startup that brings A.I. techniques to wireless networks, has raised a $46 million “C” round led by Kleiner Perkins.

The latest round also included participation from Lightspeed Venture Partners, Norwest Venture Partners, GV (formerly Google Ventures), NTT Docomo Ventures, and Dimension Data.

Mist, which has raised $88 million so far, said it will use the new funds to grow sales and expand its marketing and invest in engineering, with a focus on A.I.

It also aims to develop a channel of managed service providers and work with original equipment manufactures.

Founded in 2014 and based in  Cupertino, Calif., Mist ties data to machine learning and A.I. techniques to underpin “self-learning” wireless networks that optimize the experience. It started to ship its Mist Learning WLAN in 2016, and said it ended 2017 with more than 250 customers.

Among those customers is Verizon, which is using Mist’s technology for its software-defined wireless local area network.