# Mist Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mist-systems

- Industry: Telecoms
- Headquarters: Cupertino, US
- Website: www.mist.com
- Total disclosed funding: $88M
- Latest round: Series C (Dec 28, 2017)
- Investors on record: 7

## About

Mist Systems, Inc. specializes in AI-driven networking solutions, focusing on enhancing the performance and reliability of wireless and wired connectivity for enterprises and service providers.Mist Systems, Inc., founded in 2014 and headquartered in Cupertino, US, operates in the advanced networking sector. The company was co-founded by Bob Friday and Sujai Hajela, with Sujai Hajela currently serving as the CEO. Mist Systems was acquired by Juniper Networks, Inc. in March 2019 for USD 405 mn from various investors, including Cisco Investments and Lightspeed Venture Partners. The acquisition was part of Juniper's strategy to expand its market presence and enhance user experience.Mist Systems, now part of Juniper Networks, offers a comprehensive suite of AI-driven networking solutions, including the Mist Platform which encompasses Wi-Fi Assurance, Wired Assurance, and WAN Assurance. Their services cater to diverse industries, providing tools like Marvis, a virtual assistant for network operations, and premium analytics to optimize user engagement and ensure secure network management across North America, Europe, and Asia-Pacific.Juniper Networks generates its revenue through a subscription-based model, primarily from its AI-driven Mist Platform. This includes ongoing service contracts tailored to meet the specific needs of businesses, although pricing details for individual offerings like Wi-Fi Assurance and WAN Assurance remain undisclosed. The company’s revenue strategy focuses on scalable solutions that align with the demands of its commercial clients, emphasizing its commitment to innovation in the networking sector.Following its acquisition by Juniper Networks in March 2019, Mist Systems aims to leverage the USD 405 mn investment to enhance its product offerings and market reach. Key strategies include developing new products that utilize advanced AI technologies and expanding into additional geographic markets. The focus on improving user experience and reducing costs will guide their initiatives as they seek to solidify their presence in existing regions while targeting new opportunities in emerging markets.

## Funding rounds

- Series C, Dec 28, 2017, $46M — Kleiner Perkins, Lightspeed Venture Partners, Norwest Venture Partners, GV, Dimension Data Proprietary Limited, NTT DOCOMO Ventures
- Series B, Oct 11, 2016, $28M — Lightspeed Venture Partners, Norwest Venture Partners, GV, Cisco Investments
- Series A, Oct 29, 2014, $14M — Lightspeed Venture Partners, Norwest Venture Partners

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A, Series B, Series C
- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series A, Series B, Series C
- GV (https://capitalatlas.ai/funds/gv) — Series B, Series C
- Cisco Investments (https://capitalatlas.ai/funds/cisco-investments) — Series B
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series C
- Dimension Data Proprietary Limited — Series C
- NTT DOCOMO Ventures (https://capitalatlas.ai/funds/ntt-docomo-ventures) — Series C