Newsroom at aervivo
Aervivo Secures $3.5M in additional funding to invest in expanding the Aervivo Connectivity Platform, a Cloud OS for Hybrid Networks
May 31, 2022
SAN JOSE, Calif -- Aervivo, the developer of the Aervivo Connectivity Platform that enables its partners to scale fiber-grade experiences at a fraction of the cost, announced today that it closed $3.5M in additional equity financing. The round included additional capital from prior Series Seed investors, including lead investors Kickstart Fund, TDF Ventures and Aries Capital Partners, as well as new capital from from Stormbreaker Ventures and McKay Brothers.
“We’re thrilled to secure follow on investment from all of our existing investors, as well as attract capital from new partners that bring with them considerable operating experience," Mike Hart, CEO and co-founder of Aervivo said. “The continued support of our existing investors, and strong interest as we worked to bring in new investors, is provide validation of the progress we have made with launching and scaling our ground breaking cloud connectivity platform".
The additional capital will enable Aervivo to continue to grow the team as they invest in supporting numerous scaling partner deployments of the Aervivo Hybrid Edge technology ecosystem, including Aervivo's AerHub 60GHz mesh networking solution, powered by the Aervivo Cloud OS.
Aervivo’s mission is to disrupt the ISP industry, enabling fiber-grade connectivity at a fraction of the cost. It partners with leading ISPs and new entrants, empowering them to quickly launch new markets, extend presence, and upgrade legacy networks. Its industry-leading wireless mesh technology, cloud-based service platform and SaaS business model allows its partners to deliver affordable, high-speed connectivity with an industry-leading customer experience. Visit the newsroom for the latest company information or follow on LinkedIn and Twitter.