$35 million was raised by Meter, an internet infrastructure provider for enterprises located in San Francisco, California.
Leading the round were Sam Altman and Lachy Groom, with assistance from current investors Sequoia, Sanjit Biswas and John Bicket, co-founders of Meraki, and Diane Greene, the pioneer of VMware.
The monies will be utilized by the company to expedite its expansion and development endeavors.
Brex, Higher Ground Education, Stord, Veho, and Tishman Speyer are among the clients.
Network as a Service (NaaS) provider Meter, led by CEO Anil Varanasi, gives networking teams a better network setup and management experience. Simplified automation system handles network design, deployment, and management complexities while offering visibility, configurability, and interoperability.
Customers can schedule maintenance, fine-tune configurations, and get a comprehensive picture of their network with its cloud-managed dashboard, which serves as a digital twin for routing, switching, wireless, security, DNS security, VPN, and SD-WAN. Through a vertically integrated strategy, Meter’s services enable companies to easily scale their network operations with lower overhead expenses.
In addition to developing proprietary hardware, firmware, and software, Meter also provides continuing management and maintenance and simplifies end-to-end processes, such as ISP procurement and management, site surveys, network design, deployment, and hardware upgrades.