• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

3v.org

Venture Capital Matters

  • Pitch a Startup
    • Make a Contribution
  • Startup Jobs
  • Market Reports
  • Technologies
    • Technology Events
  • Domain Names for Startups
  • About
    • How to raise venture capital
    • How to raise seed funding from angel investors
    • How private equity and venture capital firms operate
    • What is the difference between private equity and VC funding?
    • What technology trends are considered hot among VC firms?
    • What is elevator pitch?
    • What is startup burn rate?
    • Does failure to launch a startup spell the end of the entrepreneur’s ambitions?
    • How to avoid pitfalls in founding a startup
    • Why do startups fail?
    • What are the traits of successful startup founder?
    • What are startup vanity metrics?
    • Why investing in the next generation of women and diverse entrepreneurs is a crucial part to the success of the tech infrastructure
    • Where are VCs seeing opportunity
    • How do startup valuations work?
    • What is startup accelerator?
    • How to scale an early-stage startup team, how much to pay and how to distribute equity
    • Don’t mix business with friendship: when it comes to building a founding team for a startup, this adage may not always apply
    • What is a social unicorn?
    • Secure Your Startup’s Future: The Importance of Succession Planning
  • Contact

Meter Secures $38M Series B led by Sequoia and Lachy Groom to turn Internet Infrastructure into a Utility

May 23, 2022 By admin Leave a Comment

Industry leaders Diane Greene and Meraki co-founders John Bicket and Sanjit Biswas also join as investors as the company formally launches its reimagined, full stack-approach to internet & WiFi in commercial spaces

SAN FRANCISCO, May 23, 2022 – Today, Meter, Inc., a company that provides internet infrastructure for businesses, announced it has secured $38 million in Series B funding in a round led by Sequoia Capital and Lachy Groom, with participation from industry leaders such as Meraki co-founders John Bicket and Sanjit Biswas, Diane Greene, Tobi Lütke, and WndrCo, who join existing investors Sam Altman, Scott Belsky, Patrick & John Collison, Sam Hinkie, Reid Hoffman, Claire Thielke, Allen & Company, and Tishman Speyer.

Founded in 2015, Meter’s co-founders and brothers Anil and Sunil Varanasi, together with their team, spent the last seven years building a full-stack approach to internet connectivity in commercial spaces, which combines hardware, software, and operations so that any company can easily set up and run a modern network. Meter will leverage this latest capital raise to scale the company to meet growing demand, and continue to build hardware and software solutions that make internet and WiFi faster, secure, and more reliable.

“Whether it’s in commercial office buildings, warehouses buzzing with robots, retail environments, hospitals or healthcare centers, our dependency on the internet is only growing, and Meter empowers any company to spin up a network as easily and seamlessly as it would a new EC2 server. After set-up, automatic maintenance ensures that the network then fades into the background instead of expending valuable engineering resources,” said Anil Varanasi, CEO and co-founder of Meter. “Long term, Meter’s mission is to provide network infrastructure for any space as a turnkey utility – so when a company moves in, WiFi is up and running in a few clicks, instead of taking weeks of back and forth with many external vendors.”

Meter is also announcing that Ravi Gupta of Sequoia Capital is joining its Board of Directors. “Similar to how Amazon Web Services changed the way companies think about owning their own data centers, Meter’s unique business model – and its proprietary hardware and software – allows businesses to gain control of their networks,” said Gupta. “We’re excited about Meter’s ambition to transform a long-stagnant area of technology through its full-stack approach to networking.”

Companies like Brex, Italic, Loom, Lightstep, and Stord already trust Meter’s vertically integrated solution to run their networks; Tishman Speyer, which has participated in both the Series A and B rounds, is in the process of installing Meter’s internet infrastructure in their buildings throughout the US and is introducing Meter to its corporate customers as they sign new leases.

“At Tishman Speyer, we are dedicated to the highest standards for innovation and customer service. We were drawn to Meter for their ability to help make our customers’ daily lives more seamless, productive and enjoyable,” said Tishman Speyer President and CEO Rob Speyer. “In addition to being an early adopter and investor, we will continue to serve as a thought partner and incubator to the Meter team as they pilot new products and services and expand to new markets.”

For more information about Meter, visit www.meter.com.

About Meter, Inc.
Meter provides internet infrastructure for businesses. Meter was founded in 2015 to build enterprise-grade networks that are faster, more accessible, and more secure. Customers like Brex, Evernote, Italic, Stord, and Tishman Speyer trust Meter to run their networks. The company has raised $50M to-date from investors including Sam Altman, Jack Altman, Scott Belsky, John Bicket and Sanjit Biswas, Amy Brooks, Josh Buckley, Mathilde Collin, John and Patrick Collison, Cristina Cordova, Julia DeWahl and Dan Romero, Jared Erondu, Egon Durban, Diane Greene, Lachy Groom, Daniel Gross, Reid Hoffman, Sam Hinkie, Sanjay Jha, Claire Hughes Johnson, Akshay Kothari, Kevin Kwok, Deep Nishar, Tobi Lütke, Jay Parikh, Vivek Patel, Geoff Ralston, Dan Schulman, Zach Perret, David Solomon, Laks Srini, Claire Thielke, Andrew Wilson, Seth Winterroth, Jon Zieger, Julie Zhuo, Allen & Company, Sequoia Capital, Tishman Speyer, and WndrCo. Our long-term ambition is to evolve Meter’s infrastructure into a turnkey utility. For more information, visit www.meter.com.

Filed Under: PR

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Market Analysis

DevOps and Agile: Integrating Development and Operations
China’s Use of Golden Shares: From Reducing State Role to Quietly Controlling Tech Giants
Why Amazon Acquired One Medical: Disrupting the Healthcare Industry with Technology-Enabled Care
The End of an Era: Why China is No Longer Viable as the World’s Factory
Cloudflare’s FedRAMP authorization opens up a huge market opportunity in the US government sector
Datadog’s strong financial results for the fourth quarter and fiscal year 2022 provide a solid case for a Buy recommendation
Cisco: Struggling to find new avenues of growth

Market Research Media

Agile Leadership: Leading Agile Teams for Success
Chinese Brands Reach New Heights of Popularity in the West Amid Growing Political Tensions
Unrestricted Streaming: How VPNs Can Enhance Media Consumption Experience
How the world’s biggest companies have built and defended their moats
Virtual Learning Environments: A Game-Changer in Education?
Streaming video, training, and gaming coming together to form a cohesive and diverse media and entertainment ecosystem
Turn Your Story into a Game: The Art of Gamifying Your Plot

Secondary Sidebar

Technologies

Cloudflare Enters Fraud Detection Market with Cloudflare Fraud Detection
Devices utilizing Wi-Fi HaLow technology are gaining momentum
Agile Software Development Tools and Technologies
Continuous Integration and Continuous Delivery in Agile
NuScale Power places first long lead material production order for the manufacture of SMR

Tech Events

Splash User Conference and Partner Summit will take place from April 17 to 20, 2023 in Washington, D.C.
Fiber Connect 2023, August 20-23 2023, Orlando, Florida
International Battery Seminar & Exhibit (IBSE) on March 20-23, 2023 in Orlando, FL
MIT Technology Review’s Future Compute event, April 30 – May 1, 2023, MIT Campus, Cambridge, Massachusetts
13th Annual 2023 State IT Connect Summit in Baltimore, Maryland, from March 6-8, 2023

Footer

Recent Posts

  • African Venture Investment Soars to Record High, Fueled by Tech Startups
  • Pitchly Secures $7 Million Series A Funding for SaaS-Based Data Enablement Solution
  • Agile Project Management: Roles and Responsibilities
  • Candidly, a student debt and savings optimization platform, has raised $20.5 million in a Series B round of financing
  • GameTech Startups Attracting Venture Capital Funding: The Importance of VPN Security
  • Spreetail Secures $208M Funding to Enhance Ecommerce Acceleration Capabilities
  • Metomic secures $20 million in Series A funding to expand its SaaS data security solution in the US
  • The Texas A&M University System is set to create a boom in startups
  • Goose Insurance Services, a Vancouver-based insurance technology company, has recently closed a $4 million Series A funding round
  • Smile Identity, the leading identity verification platform in Africa, has raised $20 million in its Series B funding round

Dossier

Agile Coaching: The Key to Successful Agile Implementation
GameTech 2023, GameDev Conference, March 3, 2023
AI is Disrupting Software: Key Takeaways from Tech Summit 2023
indie Semiconductor has entered into a definitive agreement to purchase GEO Semiconductor
Why UK faces chronic labor shortages

Press Media Release

Webinar: Agile Software Development Metrics and Measurement
VPN Workshop Program Offers Comprehensive Training on VPN Technology
New Technology Job Board Launches to Connect Job Seekers with Top Employers
Media Release: Israelis Protest Proposed Judicial Reforms Amid Knesset Debate
S3H.com to Showcase Cutting-Edge Technology at MWC Barcelona 2023

App Coding

Common Pitfalls in Agile Development and How to Avoid Them
How Much Does It Cost to Build a FinTech App?
The annual GameTech Market 2023 is back and better than ever!
Appy Pie Introduces AI App Generator to Expedite App Development Process
Understanding Data Structures and Algorithms

API Coding

API governance is essential for ensuring the secure and reliable use of APIs
How to re-write a legacy API
How to Build API in Next.js
API Hub for Business Allowing Companies to Launch Custom Hubs in Minutes
How to built a gaming API

Copyright © 2022 3v.org

Technologies, Market Analysis & Market Research and Exclusive Domains

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT