Meter, a leading provider of internet infrastructure solutions for the enterprise, announced it raised $170 million in a Series C funding round led by Hemant Taneja at General Catalyst, with new and existing investors such as Baillie Gifford, Lachy Groom, J.P. Morgan, Microsoft, Sequoia Capital, Tishman Speyer, WndrCo, and 53 Stations.
Meter is also backed by leading investors such as Sam Altman, Scott Belsky, John Bicket, Sanjit Biswas, Allen & Company, John and Patrick Collison, Egon Durban, Diane Greene, Greenoaks, Sam Hinkie, Reid Hoffman, Sanjay Jha, Tobi Lutke, Jay Parikh, Geoff Ralston, Dan Schulman, and David Soloman.
Meter offers reliable, secure, and scalable internet, Wi-Fi, and cellular connectivity solutions for enterprises. The company built its own networking infrastructure from the ground up, encompassing enterprise hardware, firmware, software, deployment operations, and support. It is a single, integrated solution that scales from branch offices and warehouses to large campuses and data centers.
Some of the most ambitious companies and enduring institutions, such as Bridgewater, Lyft, and Reddit, rely on Meter to keep their thousands of employees and locations online and productive. And a growing network of Channel partners (CDW, Microsoft, and WWT, as examples) is bringing Meter’s solution to a broader customer base.
The bet with Meter is straightforward, as the world’s reliance on the internet is expected to continue growing. And the only way this growth holds together is if the networking infrastructure —the invisible plumbing of every application, space, and data center —stays ahead of demand. Meter is deploying this infrastructure for networks of every size, from a single office to an entire data center. With continued focus and support, Meter aims to be the last networking company the world ever needs.
