Sequoia and Lachy Groom led a $38m Series B round in Meter.

Sequoia, a venture capital firm, and Lachy Groom, a private investor, led a $38m Series B round in Meter, a company that provides internet infrastructure for businesses, with participation from John Bicket, Sanjit Biswas, Diane Greene, Tobi Lütke, WndrCo, Sam Altman, Scott Belsky, Patrick & John Collison, Sam Hinkie, Reid Hoffman, Claire Thielke, Allen & Company, and Tishman Speyer. “Whether it’s in commercial office buildings, warehouses buzzing with robots, retail environments, hospitals or healthcare centers, our dependency on the internet is only growing, and Meter empowers any company to spin up a network as easily and seamlessly as it would a new EC2 server. After set-up, automatic maintenance ensures that the network then fades into the background instead of expending valuable engineering resources. Long term, Meter’s mission is to provide network infrastructure for any space as a turnkey utility – so when a company moves in, WiFi is up and running in a few clicks, instead of taking weeks of back and forth with many external vendors," said Anil Varanasi, Meter CEO and Co-Founder.