Summary:
- Meter, a provider of internet infrastructure solutions for enterprises, secured $170M in new funding led by General Catalyst.
- The funding will be used to expand operations and development efforts to deliver internet, Wi-Fi, and cellular connectivity for businesses.
- Meter’s integrated solution scales from branch offices to data centers and is backed by notable investors including Microsoft and Sequoia Capital.
Article:
Meter, a San Francisco-based company specializing in internet infrastructure solutions for enterprises, recently announced a significant milestone with the successful raise of $170 million in new funding. The round was spearheaded by Hemant Taneja at General Catalyst, with support from prominent investors like Baillie Gifford, J.P. Morgan, Microsoft, and Sequoia Capital, among others.
This injection of capital comes at a pivotal time for Meter as they aim to enhance their operations and further develop their offerings in delivering reliable internet, Wi-Fi, and cellular connectivity tailored for the unique needs of businesses. Notably, Meter has built a comprehensive networking infrastructure encompassing enterprise hardware, firmware, software, deployment operations, and ongoing support. This integrated approach allows for seamless scalability, catering to a range of environments from branch offices and warehouses to large campuses and data centers.
In addition to their innovative solutions, Meter’s impressive roster of backers includes well-known names such as Sam Altman, Reid Hoffman, Tobi Lutke, and Diane Greene, underscoring the industry’s confidence in the company’s vision and capabilities. This collaborative support paves the way for Meter to continue pioneering advancements in internet infrastructure for enterprises, propelling them towards sustained growth and success in the competitive landscape.
As Meter embarks on this exciting new chapter fueled by fresh funding and esteemed partnerships, the company remains steadfast in their commitment to empowering businesses with cutting-edge connectivity solutions that drive efficiency, productivity, and overall performance. With a strong foundation and a clear strategic direction, Meter is poised to make significant strides in shaping the future of internet infrastructure for the enterprise sector.
