COMPANY INFO
The company name is Meter, Inc. It was founded in 2015 by brothers Anil and Sunil Varanasi. Meter has approximately 111 employees and is headquartered in San Francisco, California. The company operates in the Wireless Communications Equipment industry. Meter provides network infrastructure systems designed to facilitate internet connectivity for businesses by installing hardware such as wires, routers, and wireless access points, and using software to scan logs and manage secure, reliable wireless networks. Their official website is https://www.meter.com.
Meter, Inc. is a leading technology company operating in the Wireless Communications Equipment industry. Founded in 2015 by brothers Anil and Sunil Varanasi, Meter, Inc. is headquartered in San Francisco, California, and comprises approximately 111 employees. The company specializes in providing enterprise-grade network infrastructure, delivering turnkey systems to facilitate internet connectivity in business environments. Meter, Inc. manages every aspect—from installing wires, routers, and wireless access points to leveraging cloud-based software for secure management and analytics—giving organizations reliable, high-performance wireless networks.
Since its inception, Meter, Inc. has demonstrated an impressive funding trajectory, raising a total of $315 million over several key funding rounds. The company's fundraising efforts have culminated in significant rounds led by renowned venture capital firms and top-tier investors. Meter, Inc. funding rounds have allowed the company to scale rapidly, expand infrastructure, hire top talent, and deliver state-of-the-art solutions to enterprise customers. Their overall funding strategy reflects a balance between aggressive growth and sustainable operational scaling, positioning them as a leading innovator in the network infrastructure sector.
The Series C round was a major milestone for Meter, Inc., raising $170 million. The funds are being used to expand infrastructure, extend market reach, and accelerate growth. This round was led by General Catalyst and included participation from Baillie Gifford, Lachy Groom, J.P. Morgan, Microsoft, Sequoia Capital, and others.
This additional Series B round brought in $35 million to further propel Meter, Inc.'s growth, scale the team, and meet surging customer demand. It was led by Sam Altman and Lachy Groom.
The initial Series B secured $38 million, enabling Meter, Inc. to support rapid growth and expand its presence in the enterprise market. Lachy Groom and Sequoia Capital led this round.
Meter, Inc. raised $8 million in its Series A to boost product development and scale operations. This round was led by Lachy Groom.
The seed funding round of $4 million laid the groundwork for Meter, Inc.’s initial launch and early product development. The lead investors for this round were not publicly disclosed.
General Catalyst led Meter, Inc.’s Series C funding round. As one of the world’s most respected venture capital firms, General Catalyst plays a pivotal role in guiding and supporting Meter, Inc.'s expansion strategy.
Baillie Gifford participated in the Series C round. The global investment management partnership is known for supporting growth-stage technology businesses and provides strategic guidance for Meter, Inc.
A household name in venture capital, Sequoia Capital invested in both Series B and Series C rounds, backing Meter, Inc.'s vision for next-generation network infrastructure.
Lachy Groom has been a key investor in multiple Meter, Inc. funding rounds, including Series A and both Series B rounds, providing not only capital but also crucial industry insight and strategic support.
J.P. Morgan contributed to the Series C round. As a global financial services giant, their endorsement boosts investor confidence in Meter, Inc.
Microsoft participated in Meter, Inc.'s Series C, strengthening the company’s competitive position and opening potential partnership opportunities in cloud and enterprise services.
As a prominent entrepreneur and investor, Sam Altman led the second Series B round. His involvement highlights confidence in Meter, Inc.’s growth strategy and product direction.
An international real estate investment company, Tishman Speyer’s investment shows the strategic value of Meter, Inc.'s network solutions in large commercial spaces.
WndrCo is a technology investment fund that brings operational expertise and broad industry connections to Meter, Inc.'s investor roster.
Meter, Inc.’s investor list includes Hemant Taneja, 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. These investors bring deep experience across technology, finance, and operations, playing diverse roles in guiding and supporting Meter, Inc.'s funding journey.
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