Key Takeaways:
• Meter secures $170 million in new funding at a valuation exceeding $1 billion
• The company builds vertically integrated networking stacks combining hardware, software, and managed services
• Funding supports global expansion and broader enterprise adoption in AI, finance, healthcare, and logistics
Meter, a startup building end-to-end networking infrastructure for enterprise environments, has raised $170 million in a new funding round led by General Catalyst. The round brings the company’s valuation above $1 billion and positions it to meet growing demand for scalable, turnkey network deployments that support the needs of AI and data-intensive operations.
My, how fast we’ve grown is all we could think – considering the company’s last raise of $35M was just over a year ago! Making hardware is of course expensive but what sets the company apart is its ability to sell specialized services that go with the hardware. Think how Apple makes money from services and customer lock in – and you’ll get the idea.
Founded by Anil and Sunil Varanasi, Meter takes a vertically integrated approach to enterprise networking. The company designs and delivers custom networking stacks—including power-optimized racks, high-speed switches, wireless access points, security appliances, and power distribution units—all supported by a unified cloud console for configuration, monitoring, and lifecycle management.
The model, often described as “networking-as-a-service,” aims to remove complexity from traditional enterprise IT deployments by consolidating planning, installation, and operations into a single subscription-based platform.
“Networks built the way they should be, from the ground up,” said the Meter leadership team in a statement outlining their vision.
Meeting the Infrastructure Demands of the AI Era
As AI workloads proliferate across industries, many organizations are rethinking the network foundations supporting their compute environments. Meter’s stack is designed to provide high throughput, low-latency connectivity with minimal integration overhead, enabling teams to stand up secure, scalable infrastructure in weeks rather than months.
By delivering and maintaining all hardware, including structured cabling and power systems, Meter simplifies infrastructure rollouts for customers ranging from office environments to high-performance data centers.
The Meter cloud console allows IT and facilities teams to centrally manage:
- Real-time traffic patterns and utilization
- Device and firmware status
- Access policies and network segmentation
- Cable health, temperature, and power diagnostics
This level of integration is intended to reduce reliance on fragmented tools and multiple vendors, while improving overall network visibility and operational control.
Funding Strategy and Growth Plans
The $170 million infusion will help Meter:
- Scale hardware production and engineering teams
- Expand installation and customer success operations globally
- Accelerate adoption among AI-focused enterprises and system integrators
- Continue developing new product lines to support evolving infrastructure needs
Previous investors have included firms such as Sequoia Capital and Lachy Groom, as well as prominent individuals in the tech and AI space. Meter has steadily grown its presence across North America and is now targeting deployments in healthcare, logistics, and financial services where performance and reliability are critical.
Positioning for the Future of Managed Infrastructure
With the shift toward AI-native workloads, real-time data applications, and distributed compute, organizations increasingly require more than piecemeal networking hardware. Meter’s full-stack model—encompassing delivery, monitoring, updates, and support—provides an alternative to traditional enterprise networking, offering both speed and simplicity.
The company’s latest funding round reflects broader investor belief in infrastructure that can evolve as fast as the software it supports. Meter is positioning itself not just as a network provider, but as a foundational partner for organizations transforming their digital operations.
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Rich Tehrani serves as CEO of TMC and chairman of ITEXPO #TECHSUPERSHOW Feb 10-12, 2026 and is CEO of RT Advisors and is a Registered Representative (investment banker) with and offering securities through Four Points Capital Partners LLC (Four Points) (Member FINRA/SIPC). He handles capital/debt raises as well as M&A. RT Advisors is not owned by Four Points.
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