Meter is a Network as a Service (NaaS) provider that offers full-stack internet infrastructure solutions to businesses. Their goal is to make setting up internet for businesses just as easy as setting up water or electricity. The company designs, builds, and operates all its own hardware and software. Founded in 2015, Meter now serves customers in over 125 cities across 31 states and provinces in the US and Canada, spanning industries such as retail, manufacturing, education, and healthcare.
Meter was founded by brothers Anil and Sunil Varanasi, who have over 15 years of combined experience in the networking industry. CEO Anil Varanasi previously articulated the company's long-term vision: "to provide network infrastructure for any space as a turnkey utility." Meter has raised $85 million in total funding, including a recent $35 million round led by Sam Altman and Lachy Groom, with participation from investors such as Sequoia, Meraki co-founders John Bicket and Sanjit Biswas, and VMware founder Diane Greene. The company has seen strong growth across key metrics like ARR, deployments, and square footage under contract.
By joining Meter's team, you would have the opportunity to help transform the traditionally stagnant networking industry with an innovative NaaS model. However, challenging established companies like Cisco Meraki in the competitive enterprise networking market will require continuously building differentiated technology and earning customer trust.
2015
Founded
50-100
Employees
Series B
Stage
$300-$400M
Latest Valuation
$100-200M
Total Funding
Mar 20 2024
Last Fundraise
Why is the rating
Top Previous Employers
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Investors
Sequoia Capital
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