Meter Raises $170 Million in New Funding

Meter, a leading 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 such as Baillie Gifford, Lachy Groom, J.P. Morgan, Microsoft, Sequoia Capital, Tishman Speyer, WndrCo, and 53 Stations.

Meter delivers reliable, secure, and scalable internet, Wi-Fi, and cellular connectivity for the enterprise. The Company built networking infrastructure from the ground up: enterprise hardware, firmware, software, deployment operations, and support. It’s a single, integrated solution that scales from branch offices, warehouses, and large campuses to data centers.

Some of the world’s most ambitious companies and enduring institutions, such as Bridgewater, Lyft, and Reddit, rely 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 wider customer base.

The bet with Meter is simple: the world’s reliance on the internet will only grow. The only way this growth holds together is if the networking infrastructure, 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. With continued focus and support, Meter aims to be the last networking company the world ever needs.

Meter is also backed by leading investors such as 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.

About Meter

Meter provides internet infrastructure for businesses. Alongside their partners, Meter handles everything needed to get great internet, networking, Wi-Fi, and cell coverage in a space. Their unified networking stack—across hardware, software, and operations—is purpose-built, scalable, and delivered as a service for one predictable monthly fee. Today, some of the world’s most ambitious companies and enduring institutions trust Meter to run their networks. Meter is headquartered in San Francisco and backed by leading venture capital firms, investors, and founders.

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