Meter Raises $170M Series C to Expand Enterprise Network Infrastructure

Meter, a San Francisco-based startup specializing in internet infrastructure and networking-as-a-service (NaaS), has raised $170 million in a Series C funding round led by General Catalyst, with participation from investors including Baillie Gifford, J.P. Morgan, Microsoft, and Sequoia Capital. The company offers an integrated solution combining proprietary networking hardware, firmware, software, and deployment services to automate and simplify corporate network setup, management, and security across offices, warehouses, and data centers. Meter’s innovative approach addresses the growing demand for reliable, scalable networking infrastructure essential for supporting expanding internet use and advanced technologies like artificial intelligence. Prominent customers such as Lyft, Reddit, and Bridgewater rely on Meter’s infrastructure, while the company has also launched a partner program to help VARs, MSPs, ISPs, and consultants deploy its NaaS solutions more broadly. Investors highlight the critical role of networking in technology ecosystems, citing network limitations as key bottlenecks to AI growth, and view Meter’s comprehensive platform as a significant advancement in networking. Backed by influential figures including OpenAI CEO Sam Altman, Meter aims to build the foundational internet infrastructure needed for future technological expansion.