For Immediate Release
January 29, 2007
Round Follows Google Angel Investment in Company That Brings a New Low-Cost, Powerful Wireless Internet Network to "Unwire the World"
MOUNTAIN VIEW, Calif. - Meraki Networks, pioneer of the first consumer wireless mesh Internet network designed to "unwire the world," announced today it has closed a Series A funding round of $5 million, led by Sequoia Capital. The Series A funding follows funding from angel investors, including Google, also headquartered in Mountain View, Calif.
Meraki was founded in 2006 by Ph.D. candidates from MIT with the goal of bringing affordable wireless Internet access to people around the world. The Meraki team is developing low-cost, easy-to-install and use, wireless mesh technology that enables consumers to cover their homes, apartment complexes and entire communities with powerful wireless Internet access immediately. Meraki's technology enables community-wide wireless mesh Internet networks without the need for much time, money or expertise. Meraki is also experimenting with groundbreaking ways to offer free Internet access to Meraki customers.
"We're thrilled to have our efforts to revolutionize Internet access endorsed by tech leaders like Google and Sequoia Capital," said Meraki Networks CEO Sanjit Biswas. "We're looking forward to helping people build Meraki networks in their communities and around the world."
Google has already deployed Meraki's new wireless mesh network products to enhance the coverage of the community-wide wireless Internet network it offers in residential communities throughout Mountain View.
"Meraki is at the forefront of a new movement to bring powerful wireless Internet connections to homes across the country as well as to underserved and economically challenged neighborhoods from Boston to Bangladesh," said Chris Sacca, head of special initiatives at Google. "Consumers will get an opportunity to get great wireless Internet access in communities that have never experienced what being 'online' is all about."
Meraki offers the Meraki Mini, a sleek 802.11 b/g wireless router that simply plugs into a wall outlet and a Internet connection, and can also work as a repeater for an existing Internet network, extending the wireless range. The Meraki Mini is an inexpensive but high powered way for consumers and communities to start creating their own networks. The Meraki Mini will be for sale from www.meraki.net in the coming weeks for $49.
In a very limited beta program open for just a few weeks last year, Meraki's products became somewhat of a viral sensation, bringing wireless Internet access to more than 15,000 users in 25 countries around the world.
About Meraki Networks
Meraki Networks, pioneer of the first consumer wireless mesh Internet network designed to "unwire the world", and bring Internet access to all. Headquartered in Mountain View, Calif. Meraki attracted more than 15,000 users in 25 countries during its beta period and was funded by angel investors, including Google, and a Series A round of funding in January 2007. For more information, visit: www.meraki.net
Atomic Public Relations