Sequoia Leads $15 Million Round In Wireless Networking Company Meraki
Meraki, the cloud-based wireless networking company has raised $15 million in Series C funding led by Sequoia Capital. This brings Meraki’s total funding to $40 million. Previous investors include Google, DAG Ventures and Northgate Capital.
Meraki provides hardware and software for building large scale wireless networks that are used by businesses, schools, and other organizations. Meraki has provided free WiFi that covers about 4 square miles in San Francisco. And Meraki also powers WiFi for businesses and organizations, including Burger King, Albany State University, Stanford, Telmex, Epic Management and THQ.
The company, which grew out of a research project at MIT in 2006, says that it ended 2010 with over 17,000 networks deployed worldwide and over 35 million client devices connected. The new funding will be used towards R&D in Merakiâ€™s cloud networking technologies and to scale sales and marketing activities.