Meter, a provider of internet infrastructure solutions for the enterprise, today announced it raised $170 million in a Series C funding round led by Hemant Taneja at General Catalyst, with new and existing investors like Baillie Gifford, Lachy Groom, J.P. Morgan, Microsoft, Sequoia Capital, Tishman Speyer, WndrCo, and 53 Stations.
What Meter does: Meter delivers reliable, secure, and scalable internet, Wi-Fi, and cellular connectivity for the enterprise. And the company built networking infrastructure from the ground up: enterprise hardware, firmware, software, deployment operations, and support. It is a single, integrated solution that scales from branch offices, warehouses, and large campuses to data centers.
Some of the most ambitious companies and enduring institutions, such as Bridgewater, Lyft, and Reddit, depend on Meter to keep their thousands of employees and locations online and productive. And a growing network of Channel partners—CDW, Microsoft, WWT, for example—are bringing Meter’s solution to a broader customer base.
The world’s reliance on the Internet will only grow. And the only way this growth holds together is if the networking infrastructure, which is the invisible plumbing of every application, space, and data center, stays ahead of demand. Meter is building and deploying this infrastructure for networks of every size, from a single office to an entire data center.
Meter is also backed by leading investors like 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.
