Meter, a San Francisco, CA-based internet infrastructure company for businesses, raised $35M in funding.
The round was led by Sam Altman and Lachy Groom, with support from existing investors including Sequoia, Meraki co-founders John Bicket and Sanjit Biswas, and VMware founder Diane Greene.
The company intends to use the funds to further accelerate growth and development efforts.
Led by CEO Anil Varanasi, Meter offers a Network as a Service (NaaS) solution that provides networking teams with an enhanced experience for network deployment and management. Its simplified automation solution provides visibility, configurability, and interoperability, and takes care of the details in network design, deployment, and management. Through its cloud-managed dashboard, acting as a digital twin for routing, switching, wireless, security, DNS security, VPN, and SD-WAN, customers can schedule maintenance, fine-tune configurations, and obtain a holistic view of their network. Meter’s services allow customers to quickly scale their network operations with reduced overhead costs through a vertically integrated approach. Meter develops proprietary hardware, firmware, and software, streamlines end-to-end operations including ISP procurement and management, site surveys, network design, deployment, and hardware upgrades, as well as providing ongoing management and maintenance.
Customers include Brex, Higher Ground Education, Stord, Veho, and Tishman Speyer.
FinSMEs
13/02/2024