The cloud-based wireless networking company Meraki has raised $15m in funding.
San Francisco-based Meraki, which provides hardware and software for building large-scale wireless networks that are employed by businesses, schools and other organisations, raised $15m. The funding was led by Sequoia Capital, which creates a total funding of $40m.
The company that grew from a research project at MIT in 2006 reveals that towards the end of 2010 it had more than 17,000 networks deployed across the globe, with more than 35m client devices connected. The new funding will be used for research and development in Meraki’s cloud networking technologies, and to cover sales and marketing activities.
Meraki has supplied Wi-Fi that covers an estimated 4 sq miles in San Francisco. Meraki powers Wi-Fi, Albany State University, Stanford, Telmex, Burger King, THQ, Epic Management and other businesses and organisations throughout the world.
More than 15,000 organisations in more than 140 countries rely on Meraki for their networks.
Past investors have included Google, DAG Ventures and Northgate Capital.
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