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Mojo Networks Notches $30M ‘E’ Round

Mojo Networks, a company that specializes in cloud-managed WiFi systems and access points for the enterprise sector, has closed a $30 million "E" series of funding that it will use to fuel a global go-to-market strategy along with further investment in sales, marketing and engineering.

The latest round includes participation from previous investors Presidio Partners, Trident Capital, and Granite Ventures, and new ones that include North Haven Expansion Credit, Walden Riverwood Ventures, and Alpha Technologies, a power and systems vendor that counts cable operators and other broadband providers among its customers.

"Mojo’s success and appeal to broadband operators, unique business model, and innovative solutions make them an ideal partner for Alpha Technologies by helping us leverage our market leadership into new opportunities related to the rapid expansion of WiFi," Drew Zogby, president of Alpha Technologies, said in a statement.

Founded in 2003, Mojo has raised about $66.75 million, according to Crunch Base.