Sanjit Founded Meraki raises $15 Million
Date: Wednesday , March 02, 2011
San Francisco based Meraki, a by-product of a research project at MIT in 2006 secured an additional $15 million investment led by Sequoia Capital in series C round of funding. The company provides wireless networks controlled in the cloud used in offices, hotels, stores, and other large areas.
Ever since the Company’s pre-economic-meltdown $20 million Series B in January 2008, it is in fact its first funding. As per sources Meraki has taken $40 million since its founding in 2006. And besides the funding the Company is also said to have declared some interesting growth metrics. The company ended 2010 with over 17,000 networks deployed worldwide and over 35 million client devices connected.
“As new types of devices like iPads and Android phones enter the network, and as users migrate to bandwidth-intensive web and video applications, IT administrators are rethinking their network architectures,” says Sanjit Biswas, Founder and CEO of Meraki. “Meraki’s cloud networking solutions combine greater capacity and mobility with easier management to prepare enterprises for this new generation of open networks,” says Biswas.
Recently it announced the results of an in-depth, third-party lab test benchmarking the performance of the Meraki MR24 Cloud-Managed Access Point and Cisco Aironet 3052 Access Point (AP). The tests found that the Meraki MR24 delivered up to 42 percent higher throughput than the Cisco Aironet 3502. The Meraki MR24 proved faster at all 20 distances and configurations measured, including tests with and without WPA2 encryption. A comparative test of signal coverage showed the Meraki MR24 also provided better overall signal coverage than the Cisco Aironet 3502, demonstrating a superior user experience for clients at most distances from the access point.