Meter, a start-up based in San Francisco, announced a $35 million round of funding, for its Network as a Service (NaaS).
Meter’s Network as a Service offering is delivered as a full stack solution, including its own hardware, software, and operations. Using its cloud-managed dashboard, which serves as a digital counterpart for routing, switching, wireless, security, DNS security, VPN, and SD-WAN, customers can easily schedule maintenance, adjust configurations precisely, and gain a comprehensive overview of their network.
The company says its footprint under management has expanded to support millions of square feet in over 125 cities across 31 states and provinces in the US and Canada, covering nearly every industry sector (including education, logistics, life sciences, manufacturing, retail, technology) and various types of commercial spaces (such as labs, offices, schools, retail stores, warehouses).
The funding round was led by Sam Altman (CEO, OpenAI) and Lachy Groom (Stripe), with participation from existing investors, who have included Meraki co-founders John Bicket and Sanjit Biswas, Diane Greene (Founder, VMware), Tobi Lütke (CEO, Shopify) , WndrCo, Scott Belsky, Patrick & John Collison (Stripe), Sam Hinkie, Reid Hoffman, Claire Thielke, Allen & Company, and Tishman Speyer.
Meter was founded in 2015 by brothers Anil and Sunil Varanasi.
Watch Anil Varanasi, Co-founder and CEO from Meter, share lessons from his recent funding round. He touches on:
- The importance of selecting investors who bring specific skills that can help your company grow.
- The value of having a diverse group of investors who represent different parts of the industry.
- Meter’s ethos around investors, focusing on what the company needs and identifying the best people in the world who have done it before and connecting with them.
“Over the past decade, we set out to build a modern utility, and we’ve been making incredible progress towards that in the past year. Businesses are moving into spaces where Meter is already installed–they simply need to turn it on,” shared Anil Varanasi, CEO and Co-Founder of Meter. “We’ve also made significant progress in terms of customer growth and product development. Our progress is a result of our dedication to making a better product and experience for our customers.”
https://www.meter.com/blog/announcing-35-million-in-new-funding
