Meter secures $170 million in funding

Meter secured $170 million in a Series C funding round, led by Hemant Taneja at General Catalyst, with contributions from Baillie Gifford, Lachy Groom, J.P. Morgan, Microsoft, Sequoia Capital, Tishman Speyer, WndrCo, and 53 Stations. This funding aims to enhance Meter’s internet infrastructure solutions targeted at enterprises.

Meter provides a comprehensive suite of internet, Wi-Fi, and cellular connectivity solutions tailored for businesses. The company has developed its networking infrastructure from the ground up, encompassing enterprise hardware, firmware, software, deployment operations, and support systems.

Companies such as Bridgewater, Lyft, and Reddit utilize Meter’s services to maintain online productivity across various locations. Additionally, partnerships with firms like CDW and World Wide Technology expand Meter's reach within the enterprise sector.

Meter's strategy hinges on the increasing global dependency on the internet and the necessity for robust networking infrastructure. The company aims to meet future demands by constructing and implementing networks for diverse operational scales, from single offices to large data centers.

The firm has also attracted backing from notable investors, including Secure Access Module (SAM) Altman, Scott Belsky, John Bicket, and Reid Hoffman, further solidifying its position in the market.